Defaulted 4 Story 29 Unit Apartment Building located in the Anacostia Neighborhood of Washington DC
Located 5 Miles from the Whitehouse
Walk Score 72%

The units are a mix of (7) 3 BR, (13) 2 BR and (9) 1 BR - with Building Size of 28,388 SF
The property is an existing four-story multi-family apartment building containing a total of 29 units with a basement level. The building was constructed in 1942 and reportedly completely renovated in 2021. The lot size is 16654 square feet, or 0.38 acres.
There are Elementary, Middle and High Schools close by and there are Major colleges and universities such as Georgetown, the Universityof Maryland and College Park in Maryland all nearby as well.

Original Loan Amount $4,300,000
Original Interest Rate 5.02%
Default Rate at 10.02%
Maturity Date 10/13/2027
62% Occupied
Current Monthly Income $28,706
Monthly Proforma Income at $52,178
Appraised Value in 2020 at $5,100,000