Enterprise Community Development, Inc Acquires Multifamily Property In Washington, DC From WC Smith For $25.7M
SOLD
$25,700,000
District Of Columbia
See Similar DealsMultiFamily
Sold 10/06/2022
SOLD
Enterprise Community Development, Inc Acquires Multifamily Property In Washington, DC From WC Smith For $25.7M
2219 Town Center Drive, Washington, Dc 20020, Usa
See Similar DealsMultiFamily
Sold 10/06/2022
Summary
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 2219 Town Center Drive in Washington, DC has been sold in a recent transaction. The sale price for this property was $25,700,000. The seller of the property was WC Smith.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,700,000
- Address: 2219 Town Center Drive
- Market: Washington, DC
The buyer of this property was Enterprise Community Development, Inc, represented by Brian McLaughlin. WC Smith acted as the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,370,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$91,306.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$121,831.11
Annual Debt Service$1,461,973.34
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