- SIGNIFICANT VALUE-ADD POTENTIAL THROUGH INTERIOR MODERNIZATIONS
- EXTREMELY CLEAN AND WELL-MAINTAINED ASSET
- LOCATED IN SUB-MARKET WITH ABOVE-AVERAGE RENT
- GROWTH AND MINIMAL NEW SUPPLY
- OFFERED FREE AND CLEAR OF ANY EXISTING DEBT
Significant Value-Add Potential Through Unit Interior Modernizations
Premiums for renovated units have the potential to range from $50 – $75 depending on, finish level, and floorplan based on current rent comparables. Proving the potential to renovate and raise rents.
Extremely Clean and Well-Maintained Asset
Concord Square has been well maintained and professionally operated. The physical condition of the property will allow a new investor to step in and immediately focus on revenue-increasing unit upgrades rather than a significant amount of capex and deferred maintenance.
Located in Sub-Markets with Above-Average Rent Growth and Minimal New Supply
The low number of deliveries and above-average rent growth in Mansfield, Ohio will give a new investor confidence that occupancy will remain strong, rents will continue on a positive trajectory, and that there is real demand for a renovated
