Updated Oct 28, 2024
Enterprise Community Development Inc Acquires 224-Unit Multifamily In Washington, DC For $25.7M
2333 Skyland Place Southeast, Washington, District Of Columbia 20020, United States
$25,700,000
Units
224
Asset Type
MultiFamily
Closing
Sep 27, 2022
About this deal
AI
Enterprise Community Development Inc has acquired a multifamily property located at 2333 Skyland Pl SE in Washington, DC. The property consists of 224 units and was sold for a total price of $25,700,000, resulting in an average price per unit of $114,732.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,700,000
- Address: 2333 Skyland Pl SE, Washington, DC
- Market: Washington, DC
- Buyer: Enterprise Community Development Inc
- Units: 224
- Price Per Unit: $114,732
Enterprise Community Development Inc, a prominent figure in the real estate industry, successfully closed the deal for the multifamily property at 2333 Skyland Pl SE in Washington, DC.
Players
Washington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93