- Offered At An Extremely Attractive Basis – Approx. 25% Of Replacement Cost
- Newer Vintage Asset Primed For Light Modernizations
- Pristine Physical Condition – Well Maintained By Current Long-Term Ownership
- Strong In-Place Yield & Above-Market Cash Yield
- Fantastic Location In Mt. Vernon – Easy Access To Entire Market
- Offered Free & Clear Of Existing Debt
Offered At An Extremely Attractive Basis – Approx. 25% Of Replacement Cost
Heritage Landing is offered at a highly attractive going-in basis relative to current replacement cost and recent trades across the region. The opportunity to remove the LIHTC restrictions, upgrade existing classic units, and move rents to current market will provide a clear path to outsized returns for future ownership.
Newer Vintage Asset Primed For Light Modernizations
Built in 2008, Heritage Landing offers a new investor a modern-built asset that is primed for light cosmetic upgrades that will allow them to significantly push revenue as units turn.
Pristine Physical Condition – Well Maintained By Current Long-Term Ownership
Heritage Landing has been meticulously maintained by the current long-term ownership group. There is little to no deferred maintenance at the property, allowing a new investor to immediately focus their capital spend on revenue-generating upgrades.