- Stabilized Offering Featuring Attractive Value-Add Upside Potential
- Offered at a Low Basis – Significantly Below Current Replacement Cost
- Cosmetic Value-Add & Significant Operational Upside on Day One
- Well-Maintained By Current Ownership – Significant Recent Capex Spend
- Conservative In-Place Owner-Operator
- Exceptional Location Near Western Illinois University
- Offered Free & Clear of Existing Debt
Stabilized Offering Featuring Attractive Value-Add Upside Potential
Charleston Apartments offers strong current and historic occupancy with significant rental upside proven both on-site and at other assets in the market. The fully-amenitized community is extremely clean and well-maintained, giving new ownership the opportunity to focus any capital expenditures on revenue-generating upgrades and operational efficiencies.
Offered at a Low Basis – Significantly Below Current Replacement Cost
The asset is being sold at a basis that is a fraction of what it would cost to build the property today. This attractive going-in basis will allow the new investor to feel comfortable investing additional value-add capital into the community while maintaining a very comfortable all-in basis in the asset.
Cosmetic Value-Add & Significant Operational Upside on Day One
Fresh paint and modern fixtures will quickly increase the property’s aesthetic appeal and market value, with minimal capital expenditure yielding substantial rent increases and higher tenant satisfaction. The opportunity for new ownership to streamline management practices and reduce operating expenses also provides upside opportunity. This combination of immediate aesthetic enhancements and operational efficiencies will lead to increased NOI and accelerated appreciation, making Charleston Apartments highly attractive for those seeking robust returns with manageable risk.