- Strong Historical Occupancy And Efficient Operations
- Additional $36k+ Annually With Loss-To-Lease Recapture!
- Proven Upgrade Premiums Of $60+/Unit On 1 Br Units And $70+/Unit On 2 Br Units With Light Renovations
- Fantastic Basis Given Current Rents And Light Expense Load!
- Vacant Land With Allowable Density For 55 Additional Units And/Or Amenity Space
- Incredibly Convenient Location | Immediate Highway Access
- Supply Constrained Market With Few Deliveries In Last 10 Years – No Scheduled Deliveries
- Offered Free And Clear Of Existing Debt
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!
