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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. 

The self-storage complex is 99% occupancy and offers a great turn-key opportunity. The complex offers a wide selection of unit sizes with options for climate control, parking, and self-storage. Already in place are features such as 24-hour security monitoring, and a digital surveillance system.

INVESTMENT SUMMARY

MULTIFAMILY ORGANIC RENT GROWTH

New ownership can capitalize on strong rent growth seen across the market.

 

Rents can be increased organically by an average of $255/unit based on supported comparables. 
By increasing below-market rents, annual rental revenue will grow by 31%.
Concessions are projected to be close to 0% through 2026.
Vacancy rates are projected to be 5% through 2026.
MULTIFAMILY VALUE-ADD POTENTIAL

Opportunity to further push rents by offering affordable, updated units and improved amenities.

Rents can be increased by an average of $190/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
Sweetwater Capital
(336) 688-2320

Brandon Fox
Sweetwater Capital
(919) 670-9814

Don-Carlos Moniz
Sweetwater Capital
(910) 988-6653

Jackson Howard
Sweetwater Capital
(910) 483-0516

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