
INVESTMENT SUMMARY
ORGANIC RENT GROWTH
New ownership can capitalize on strong rent growth seen across the market.
$500,000+ Estimated Portfolio Annual Revenue Increase (Pure Organic Growth)
Property #1
Rents can be increased organically by an average of $175/unit based on supported comparables. |
By increasing below-market rents, annual rental revenue will grow by 28%. |
Concessions are projected to be close to 0% through 2026. |
Vacancy rates are projected to be 3% through 2026. |
Property #2
Rents can be increased organically by an average of $165/unit based on supported comparables. |
By increasing below-market rents, annual rental revenue will grow by 21%. |
Concessions are projected to be close to 0% through 2026. |
Vacancy rates are projected to be 3% through 2026. |
Property #3
Rents can be increased organically by an average of $205/unit based on supported comparables. |
By increasing below-market rents, annual rental revenue will grow by 21%. |
Concessions are projected to be close to 0% through 2026. |
Vacancy rates are projected to be 3% through 2026. |
VALUE-ADD POTENTIAL
Two of the three properties have the opportunity to further push rents by offering affordable, updated units and improved amenities.
Property #1
Rents can be increased by an additional $100/unit (1 BR) and $125/unit (2 BR) based on market comparables with minor upgrades.
Value-add opportunities:
▪ Select unit interior upgrades
▪ Installation of a small dog park
▪ Upgrades to the playground
▪ New parking lot asphalt and re-striping
▪ Privacy fencing around unit patios
▪ Pet security deposits/monthly rent
▪ Offer all-inclusive utilities for additional rent premiums
▪ Offer washer/dryer rental with installation and removal fees
Property #2
Rents can be increased by an additional $75/unit (1 BR) and $50/unit (2 BR) based on market comparables with minor upgrades.
Value-add opportunities:
▪ Minor interior unit upgrades
▪ Installation of a small dog park
▪ Pet security deposits/monthly rent
▪ Offer all-inclusive utilities for additional rent premiums
▪ Offer washer/dryer rental with installation and removal fees
▪ Installation of security system
CONTACT US
Windy Parsons
Sweetwater Capital
(336) 688-2320
Brandon Fox
Sweetwater Capital
(919) 670-9814
Don-Carlos Moniz
Sweetwater Capital
(910) 988-6653
Rosalyn Funez
Sweetwater Capital
(919) 364-6773
PROPERTY INFO ACCESS
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