Enterprise Community Development Inc Acquires 224-Unit Multifamily In Washington, DC For $25.7M
SOLD
$25,700,000
District Of Columbia
See Similar DealsMultiFamily
Sold 09/28/2022
SOLD
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
See Similar DealsMultiFamily
Sold 09/28/2022
Summary
Asset Type:MultiFamily
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
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
Is there something missing? Send suggestions