Investment Overview

The 14th Ave S Apartments offer a compelling opportunity for investors seeking a value-add asset. While the current ownership has successfully maintained the property and completed light to mid-level renovations on approximately 8 of the 20 units, significant upside remains. Continued interior renovations will enable a buyer to increase rents by an estimated average of $295 per unit, potentially recapturing over $70,000 in lost lease income. Additionally, there are operational enhancements to explore. Implementing a parking fee—given its premium demand in the area—adjusting utility bill-back amounts, and streamlining operating costs to align with industry standards can further elevate performance. Collectively, these strategies could boost the property’s Net Operating Income by approximately 38%, significantly enhancing cash flow and increasing equity for the investor.