Investment Overview

This property offers an exceptional investment opportunity with significant upside potential. With 49% of rents below market, aligning with submarket rates could unlock substantial revenue growth. Upgrading unit interiors for just $5,000 per unit can boost rents by $86 monthly. An innovative water conservation program can slash expenses by 29%, saving $40,000 annually. Add to that the creation of a new income-generating unit, making this a recipe for exceptional returns. Recent capital improvements of $842,000 make this an irresistible investment with substantial value-add possibilities.