Over $500,000 has been spent on capital improvements by the current owner since 2017. Exterior renovations include: Resurfaced parking lot, security gate installation, and exterior painting. About 90% of the unit interiors have been renovated.

Strong value-add play exists in implementing RUBS at $25/unit to recover water expense, saving around $10,000 in annual utilities. Current owner is selling to use equity for a project they’ve identified in another market.

Value Add Opportunity - Additional +/-18% Upside in Rents. There is an opportunity for additional upside by increasing RUBS bill-back percentage from 80% to 95% for common utilities.

The three properties are located in the Northeast Indio sub-market and has tremendous potential for rental income increases and strong property appreciation.

Terrific tenant mix, worry-free asset located in the Eastway area of Charlotte, NC. Very limited inventory of this quality exists, so this translates to good opportunity to secure a solid, performing property with plenty of potential for value appreciatio

The exterior improvements are 85% complete and interior renovations are 40% completed. The renovation is ongoing, so these numbers will improve daily.