Uniquely Well-Positioned for Value-Add Implementation

New ownership has the exceptional opportunity to realize significant rent premiums through light, value-add renovations in order to elevate units to top-of-market levels. These light value-add initiatives have the inherent ability to provide remarkable upside on the investment.

$127/Unit (Per Month) Upside with Light Interior Cosmetic Updates

The portfolio provides an outstanding opportunity to capture rent upside of $127/unit (monthly) with light interior cosmetic updates. New ownership will have the ability to significantly push annual rental income by over $219,465 upon completion of unit upgrades including LVT flooring, black appliances, laminate countertops, lighting & plumbing fixtures.

Recent Interior Renovation Premiums Support the Story

About one-third of the units at Flats at Wildwood were renovated in 2015. This package included gray/white two-tone paint, new laminate countertops/vanity tops, black appliances, and flooring. These renovations have already achieved over $100/unit rent premiums, which can be replicated by new ownership on the remaining 92 units.