THE OPPORTUNITY The Zupancic Group of Marcus & Millichap, as the exclusive listing agent approved by the United States Bankruptcy Court for the District of Columbia, is pleased to present the exclusive offering of Arcadian House, a 28-unit multifamily asset located in Bladensburg, Maryland. The sale is subject to a Chapter 11 Bankruptcy process, offering investors faster closing times, reducing the investor's exposure to market fluctuations, and increasing the likelihood of a smooth transaction. Additionally, this process allows for greater flexibility in structuring the deal. THE ASSET Arcadian House presents an attractive investment opportunity, featuring a 27,080 gross square foot structure on a prominent 33,597 square foot lot with R-10 zoning. The asset features a strong mix of 15 one-bedroom and 13 two-bedroom units. The one-bedroom units are approximately 750 SF and their rental average is 39% below the market average of $1,412. Similarly, the two-bedroom units are approximately 900 SF and their rental average is 37% below the market rent of $1,655. An investor can immediately raise rents in accordance with Prince George's County rent control, and perform cosmetic, value-add renovations to bring rents up to market over time. The asset also has a large parking lot, totaling 28 parking spaces, that was repaved in 2018. Ultimately, the property has the potential to generate significant cash flow as an investor can capture rent growth and market demand as the area continues to develop. THE LOCATION Arcadian House is situated in a quiet and calm neighborhood of Bladensburg, MD, offering a blend of community charm and urban accessibility. Located in Prince George's County, Bladensburg is part of a growing area undergoing significant development. The former Prince George's Hospital Center site is currently being transformed through a $500 million redevelopment project spanning 113 acres. Set for completion by 2028, this mixed-use development will bring over 1,000 residential units, office spaces, retail outlets, and a hotel, all within close proximity to the Cheverly Metro Station. Retail amenities in Bladensburg include established grocery stores such as Safeway on Bladensburg Road and Walmart Supercenter. Additionally, the Bladensburg Plaza Shopping Center hosts a range of businesses, contributing to the local retail environment.