- PROVEN UPSIDE OF $200+/UNIT ON ~40% OF UNITS
- INSTITUTIONALLY OWNED/OPERATED ASSET
- METICULOUSLY MAINTAINED ASSET—SIGNIFICANT RECENT CAPEX (ROOFS, SIDING, BALCONIES, SYSTEMS, GROUNDS, AMENITIES, PARKING, SIGNAGE, AND MORE)
- 192 UNITS OFFER IMMEDIATE SCALE
- CONVENIENT CONNECTIVITY TO ENTIRE MSA
- OFFERED FREE AND CLEAR OF EXISTING DEBT
Proven Upside of $200+/Unit on ~41% of Units
Constructed in 1980, Westwood on Battlefield offers classic and partially renovated interior finishes in roughly 41% of units, giving new ownership the opportunity to achieve significant rent upside of over $200 per unit (monthly). Cosmetic upgrades have been implemented on 59% of the units, successfully proving the upside potential. Continuing to modernize the remaining classic units will enable new ownership to push annual rental income by over $275,000!
Institutionally Owned/Operated Property
Westwood on Battlefield is currently institutionally owned and professionally managed. New ownership will benefit from the consistent, high-quality operations at the property level and will be able to immediately focus their full attention on the completion of the value-add project upon takeover.
Meticulously Maintained Asset – Significant Recent CapEx
Westwood on Battlefield has been meticulously maintained by the current ownership group with significant capex invested recently. This includes new roofs, balconies, siding, systems upgrades, landscaping, amenities upgrades, parking lot renovation, improved signage, and much more. Westwood on Battlefield has maintained a significant number of vintage unit interiors that are primed for continued value-add upgrades to match the robust amenity package that has been added by current ownership. The recent capex investments provide a strong foundation for new ownership to implement cosmetic renovation strategies that will result in significant rent upside.
