- Below Market Assumable HUD Debt at 3.01%
- Income Upside of Over $150,000
- 2011 Construction | Exceptional Amenities
- Proven Rental Demand in the Submarket
- Convenient Location Proximate to Job Centers and Entertainment
Below Market Assumable HUD Debt at 3.01%
Cobblestone on Parkway is being offered with the option to assume the existing HUD loan, featuring a favorable 3.01% interest rate. This advantageous financing structure provides investors with stability and favorable terms, enhancing overall cash flow and investment returns.
Revenue Upside of Over $150,000
New ownership has the opportunity to increase revenues by over $150,000 annually. By implementing simple upgrades such as LVT flooring, upgraded appliance package and continuing to implement the new RUBS structure on all renewals and new leases, potential rental premiums of $159+ per unit can be achieved. With only 6 units currently benefiting from the new RUBS structure and 4 units having the LVT flooring, there is significant room for income enhancement.
2011 Construction | Exceptional Amenities
Cobblestone on Parkway features mid-rise style construction, offering residents unique amenities such as ground-level, climate-controlled parking and elevator access. This exceptional feature provides a competitive edge in the submarket, attracting tenants seeking modern conveniences and upscale living environments.
