- $833,856 of Additional Income via Moving Rents to Market Levels and Continued Unit Interior Modernizations
- Proven Value-Add with Significant Upside Remaining of $153/Unit
- Substantial Recent Capital Investments – $6,400,000+ in the Last 3 years
- Offered Free and Clear of Existing Debt
$833,856 of Additional Income via Moving Rents to Market Levels and Continued Unit Interior Modernizations
Eastwood Crossings provides the ability for new ownership to realize significant upside through bringing rents to market levels and a value-add renovation program, both of which combine for $153/unit in rent increases. The property has been partially renovated and is primed for additional value-add implementation through upgraded finish packages, proven by current ownership on a significant portion of the units.
Proven Value-Add and Significant Upside of $153/Unit
- Eastwood Crossings has realized a substantial return on investment through various iterations of unit and amenity modernizations Given the success of the current business plan, new ownership will benefit from the opportunity to continue to capture significant rent upside and drive outsized returns
- Value-add Potential on 37% of Units with Interior Modernizations
- $153 per unit in upside with completion of upgraded finish packages and moving all rents to market levels.
Substantial Recent Capital Investments – $6,400,000+ in Last 3 Years
Eastwood Crossings offers a strong foundation for a new investor to continue upgrading the property. Over the past 36 months, Ownership has invested more than $6,400,000 in capital upgrading and improving the asset quality creating a strong foundation for a new investor to continue the repositioning of the asset.
Offered Free and Clear of Existing Debt
Eastwood Crossings is being offered free and clear of existing debt, providing the opportunity for a new investor to take advantage of the highly competitive financing markets, low-interest rates, and long-term debt that include interest-only options with maximum leverage. All of this supports exceptional returns on investment!