What does this mean?

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Alright, I found a flyer for a property I was interetested in and I'm very confused on what this flyer means. Could someone help me understand it? It says that bidding on a property starts at $300,000 but then says there is 1.9Mil in assumable debt lower on the flyer. Does that mean the real price is basically 2.2Mil starting? Or what does that 1.9Mil in assumable debt mean? It's an apartment complex if that helps.

I thought that it meant the property comes with 1.9Mil in debt which would mean that the deal is no longer good because the cap is 2.2%.