• Date added:
    01/04/19

Description

  • Exclusive off-market acquisition, leveraging strong broker relationships.
  • Recent exterior and partial interior upgrades in 2016 and 2017 at Meadow Park.
  • Planned improvements to make it a solid B/B+ class property.
  • Significant potential for revenue increases:
  • Current rent 15-20% below comparable units
  •  Occupancy at 95-97%
  •  Utilities charge-back opportunities
  •  Vacant land opportunities can be considered
  •  Multiple opportunities to add various streams of Other Income
  •  Award winning Property Management company with strong local presence
  •  Conservative underwriting to weather unexpected market conditions
  •  Favorable lending terms with Bridge to Agency takeout
  •  Strong Cash-Flow, enabling longer term hold, if needed
  •  Refinance option once stabilized (yr 2-3) to return investor capital

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