202-783-8200
1212 Southern Ave SE, Washington, DC for Sale
Apartments - FOR SALE
1/27
null | Request Cap Rate

1212 Southern Ave SE
Washington, DC 20032
Congress Heights


HIGHLIGHTS

  • 156-Unit Affordable Housing Asset in SE DC
  • Two Assumable Solar Income Streams Onsite
  • $72,000 in Annual On-Site Daycare Income
  • Below-Market Assumable HUD 221(d)(4) Loan
  • LIHTC Compliance Period Now Complete
  • 0.8 Miles to Southern Ave Metro Station

OVERVIEW

Arbor View | Affordable Housing, Assumable HUD Loan RI Market Place Auction: September 22 - 24 Berkadia, in partnership with RealINSIGHT Marketplace, is pleased to present Arbor View, a 156-unit affordable housing community at 1212 Southern Ave SE in Washington, D.C., spanning 125,592 SF across six buildings built in 1964 and renovated in 1995 and 2014. The asset carries an assumable HUD 221(d)(4) loan with an $8.80 million balance at a 3.04% fixed rate maturing in 2055, alongside two assumable solar arrangements, including a 233 kW community solar facility placed in service in 2025 that generates lease income and cuts electric costs for roughly 50 residents. On-site commercial income includes $72,000 annually from the Kids Are Us Learning Center daycare. The recent expiration of the property's LIHTC affordability covenants creates an opportunity to capture additional value through measured rent growth toward market levels. Located 0.8 miles from the Southern Ave Green Line Metro station in a Southeast D.C. submarket undergoing significant redevelopment, Arbor View offers buyers below-market financing, diversified income, and rent growth potential. The Property is offered individually or in combination with Meadowbrook Run as part of the 415-unit Enterprise Portfolio. **Arbor View is offered as part of the 415-unit Enterprise Portfolio alongside Meadowbrook Run. Properties can be acquired individually or in combination.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

156

CAP RATE

Request Cap Rate

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arbor View; Affordable Housing, Assumable HUD

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.45 AC

LAND SF

193,842 SF

ZONING

RA-1

APN/PARCEL ID

5921-0011,5921-0012,5921-0013,5921-0016,5921-0017

ASK ABOUT THIS PROPERTY

Robert MeehlingCBRE, Inc.More Info
202-783-8200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Robert MeehlingCBRE, Inc.More Info
202-783-8200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.