| CREOP

Owner renovated the property in 2023 to include simple value-add upgrades. Addressed deferred maintenance, renovated units, raised rents, and decreased expenses. New roof added 2023. New plumbing added 2023.
Due to the undergoing renovations, trailing 12 months does not accurately paint a fair picture on the properties performance. Expenses were high, because of the deferred maintenance, and occupancy was low, as renovations were complete.

Mount Airy, North Carolina, famously known as the inspiration for the fictional town of Mayberry from "The Andy Griffith Show," epitomizes small-town charm and Southern hospitality. Its historic downtown, filled with quaint shops and local eateries, invites visitors to step back in time. The town's rich musical heritage, particularly in bluegrass and old-time music, adds a lively soundtrack to the streets. The Andy Griffith Museum and the annual Mayberry Days festival are highlights, celebrating the town's connection to the beloved TV show.
Surrounded by the natural splendor of the Blue Ridge Mountains, Mount Airy offers a variety of outdoor activities. The scenic Blue Ridge Parkway nearby provides stunning vistas and hiking opportunities. Additionally, the town serves as a gateway to the Yadkin Valley, an emerging wine region. The picturesque landscapes around Mount Airy, combining historical allure with natural beauty, make it an ideal destination for relaxation and exploration.