Investment Overview

Fife Village Apartments presents a compelling value-add investment opportunity in today’s market. The property has been owned and operated by the same family for two generations and, while ownership has consistently maintained the asset, in-place rents remain well below current market levels due to a long-term tenant base. This dynamic provides an investor with immediate and clearly identi?able upside through unit repositioning. Comprised of 75% two-bedroom units, the property is being offered at an attractive going-in basis of $131,250 per unit, creating meaningful room to deploy additional capital through a targeted interior renovation program. Upon completion, renovated units are projected to achieve rents approaching nearly 170% over current in-place levels of occupied units. Additionally, the property currently has ?ve vacant units, allowing a new owner to begin renovations immediately and accelerate rent growth relative to competing value-add opportunities. Further upside is available through the implementation of a utility bill-back program and monetization of carport parking, both of which are currently un-utilized. Once fully stabilized and all value-add initiatives are executed, a buyer has the opportunity to achieve a pro forma cap rate of approximately 10.61%, resulting in signi?cant cash ?ow and substantial long-term equity creation.