For Auction
Asset Snapshot
Investment Highlights
Offering Summary
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.
Due Diligence
Location
Arbor View sits at 1212 Southern Ave SE in Washington, D.C.'s Southeast quadrant, 0.8 miles from the Green Line's Southern Ave Metro station and adjacent to a WMATA MetroBus stop. The surrounding submarket is undergoing a wave of new development, including office, retail, and public space projects that are elevating the area's appeal and expanding the resident amenity base nearby.
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Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
