Anacostia Street

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