Strong Historical Occupancy and Efficient Operations

Current ownership has carried extremely high occupancy rates and hold a trailing 12-month vacancy of only 2%. Expenses have also been well managed with only $4,103/unit (also due to very low utility expenses).

Additional $31k+ Annually with Loss-to-Lease Recapture 

Due to many leases signed at or above current asking rents, Brandy Chase offers an incredibly easy value-add opportunity for new ownership to capture an additional $31,903 (5.75%) on top line revenues.

Proven Upgrade Premiums Of $60+/Unit with Light Interior Renovations

With a light upgrade package to be more in-line with the current market, Brandy Chase has proven rent premiums that support $60 increases on 1 BR units and $70 increases on 2 BR units! Currently, 44 units still offer this value-add opportunity allowing new ownership to focus on income producing upgrades from day one. Revenue growth with these improvements will provide investors an annual revenue growth of over $41k with minimal CapEx required!