This investment combines the benefits of an assumable low-interest mortgage, a favorable unit mix, and the potential for increased rental income. Given the current market conditions and the property's attributes, it represents a promising opportunity for investors seeking to capitalize on the evolving real estate landscape in Washington, DC. Assumable Mortgage at 3.2% Interest Rate The property's assumable mortgage at a 3.2% interest rate is particularly advantageous in today's market, where average mortgage rates are around 7% . Assuming this mortgage allows you to take over the existing loan terms, including the lower interest rate, which can result in substantial savings over the loan's remaining five-year term. This strategy is increasingly popular among investors seeking to mitigate the impact of rising interest rates. Occupancy and Unit Composition With an 85% occupancy rate, 40 units are currently leased, leaving about 5 units currently vacant. The predominance of three-bedroom units aligns with the demand for larger rental spaces, potentially attracting families and groups seeking more living space. Potential for Rent Increases The current under-market rents offer an immediate opportunity to enhance revenue upon lease renewal. The property has 42 HCVP units. Transitioning the rents to current market rates offers significant income growth potential. There are only two delinquent units.