Active
Anacostia Street
Washington, DC
Overview
Anacostia Street is a 28-unit distressed asset acquired at auction, consisting of two adjacent 14-unit buildings. One building was stabilized and fully leased at the time of purchase, generating immediate cash flow. The second building presented a clear value-add opportunity, undergoing a full gut renovation that included reconfiguring eight units to increase bedroom count.
Highlights
- 28 units across 2 buildings
- Acquired at auction
- One building stabilized at purchase
- Full gut reno on second building
Deal Summary
StatusActive
Asset TypeMultifamily
LocationWashington, DC
Year Acquired2024
Acquisition Price$2,600,000
Current / Exit Value~$7,500,000
Units28
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