- $575,000+ In Upside Potential ($100+/Unit) With Light Unit Modernizations
- $240,000+ In Loss To Lease Upside Potential
- Opportunity To Immediately Obtain Critical Mass With 470 Units
- Streamlined Operations/Expense Upside
- Strong Historical Operations
- Stable, Reliable Voucher Payments
- $1,000,000+ Invested In Capital Expenditure Over The Last 5 Years
- Existing 4.14% Interest Rate Fannie Mae Debt With An Optional Supplemental!
$575,000+ in Upside Potential ($100+/unit) with Light Unit Modernizations
Constructed in 1974, Grandridge offers vintage interior finishes, providing new owners with the opportunity to achieve significant rent increases of $100 or more per unit (per month) with the completion of interior upgrades and modernizations. Cosmetic updates will enable new owners to increase their annual rental income by more than $575,000!
$240,000+ in Loss to Lease Upside Potential
By reducing the gap between current effective rents and market rents, investors can increase their monthly rental income and overall cash flow. Currently, effective rents are at $898, while market rents are at $941; closing this gap of $43 will increase net rental income.
Opportunity to Immediately Obtain Critical Mass with 470 Units
New ownership can immediately establish a significant presence in the Omaha market and achieve economies of scale, which can lead to higher overall NOI and lower operating costs. Included in the unit count are 38 large townhome units with attached garages!
