The Acacia is a historic building located in the desirable Capitol Hill neighborhood, featuring a total of 55 units: 30 two-bedroom apartments and 25 studios that can be easily converted into one-bedroom units. The property has been meticulously maintained, showcasing updated mechanical systems, including the boiler, electrical panels, and plumbing (excluding unit bathrooms). Windows have also been replaced as necessary, enhancing both efficiency and aesthetics. Investment Opportunity: This property presents a compelling investment opportunity, bolstered by an attractive loan assumption from Chase totaling $6,200,000 at a favorable interest rate of 4.02%. This financing structure facilitates a straightforward value-add strategy, allowing investors to enhance the property’s income potential gradually as leases turn, rather than requiring an immediate vacancy. Contact Kaufman Hagan Brokers for pricing. Market Position: Situated in an established yet improving area, Acacia Apartments offers long-term cash flow potential in a vibrant neighborhood. The combination of its historic charm, updated systems, and strategic location makes it a prime candidate for sustained rental demand and potential appreciation.