315-325 Franklin Street NE, Washington, DC 20002 For Sale

THE OPPORTUNITY

Panorama Courts is a 76-unit apartment community located in

the Brookland submarket of NE DC, nearby MedStar Washington

Hospital Center, DC's largest hospital, and both Catholic and Trinity

Universities. Originally built in 1939, the Property spans two buildings.

With common areas, building systems, and exterior work substantially

complete, a buyer steps into a maintained, income-producing asset with

upside-potential on day one.

IN-PLACE CASH FLOW

Panorama Courts offers durable, financeable cash flow today with a clear

path to grow it. Over the trailing twelve months the Property produced

roughly $1.20 million in effective gross revenue and $575,803 in NOI, with

revenue up nearly 5% since 2023. With T-12 vacancy running near 12%

and collection loss at 5.88%—both elevated relative to the submarket—

stabilizing toward a 5% vacancy and normalized collections lifts Year-1 NOI

to roughly $689,000 and Year-3 NOI to about $711,000, giving a buyer

financeable in-place income plus defined, controllable upside.

"EDS & MEDS" DEMAND DRIVERS

Set in Brookland near Monroe Street Market and the 12th Street corridor, Panorama Courts taps one of D.C.'s deepest non-cyclical demand pools. Catholic and Trinity sit within walking distance, Howard about two miles away—together enrolling roughly 22,000 students plus faculty and staff. Within a mile, three major hospitals anchor employment—MedStar Washington Hospital Center (~5,600 employees, 912 beds), Children's National (6,000-plus), and the Washington DC VA Medical Center (2,000-plus)—a combined 13,600-plus healthcare jobs. This credit-worthy, recession-resilient "eds and meds" renter base underpins durable occupancy and rent growth.

LOCATION & TRANSIT ACCESSIBILITY

Panorama Courts sits within walking distance of two Red Line stations—Rhode Island Avenue and Brookland-CUA—and between North Capitol Street and Rhode Island Avenue NE, a direct shot to Logan Circle and Downtown D.C. to the south and College Park to the north. Its strong Walk Score reflects the

everyday retail within reach in Brookland, from the shops and restaurants along the 12th Street corridor to the dining and grocery at Monroe Street Market.

CAP-EX COMPLETED/PROFESSIONALLY MAINTAINED

Panorama Courts has been professionally managed and maintained, with notable cap-ex completed in the last six years including: New Camera Security System, New Site Fencing and Front Doors, Recertified and Warrantied

Roofs, New Hot Water Heaters, New Entry Access System, New Mailboxes. New ownership can therefore focus on revenue improving renovations without major deferred maintenance risk.