
THE OFFERING
The multifamily community offers a family-friendly atmosphere with abundant amenities such as a clubhouse, pool, fitness center and units with private balconies and patios. The property is also located minutes from some of the largest employers in the area.
The community currently has below-market rental rates compared to other properties nearby. This asset is a prime value-add opportunity investment that will allow for further rent increases with an already-established 99% occupancy. New ownership can modernize the asset through renovations/upgrades and increase rental rates and adding other income streams.
INVESTMENT SUMMARY
ORGANIC RENT GROWTH
New ownership can capitalize on strong rent growth seen across the market.
Rents can be increased organically by an average of $265/unit based on supported comparables. |
By increasing below-market rents, annual rental revenue will grow by 29%. |
Concessions are projected to be close to 0% through 2026. |
Vacancy rates are projected to be 5% through 2026. |

VALUE-ADD POTENTIAL
Opportunity to further push rents by offering affordable, updated units and improved amenities.
Rents can be increased by an average of $95/unit based on market comparables with minor upgrades.
Value-add opportunities:
Select unit interior upgrades: stainless steel appliances, add microwaves, LVP flooring, modern fixtures, bathroom vanities/cabinets, hard-surface countertops and new paint. |
Installation of a small dog park |
Parking lot repairs |
Minor landscaping |
Pressure washing |
Exterior painting |

CONTACT US
Windy Parsons Vice President Windy@sweetwatercap.us (336) 688‐2320 |
Brandon Fox |
Jackson Howard President Jackson@sweetwatercap.us (910) 635‐0240 |
Don-Carlos Moniz Broker Don@sweetwatercap.us (910) 988-6653 |
Rob Ferguson Vice President of Sales Rob@sweetwatercap.us (910) 730-4348 |
Bill Cobey Broker Bill@sweetwatercap.us (919) 961-8888 |
Rosalyn Funez Broker Rosalyn@sweetwatercap.us (919) 364-6773 |
Cameron Thigpen Broker Cameron@sweetwatercap.us (910) 483-0516 |
Brett Yates Broker Brett@sweetwatercap.us (919) 801-6301 |
PROPERTY INFO ACCESS
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