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- 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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