- Huge Upside Opportunity Of $215+ Per Unit (Monthly)
- Well-Positioned Asset Primed For Value-Add Implementation
- Multiple Opportunities For Organic Operational Upside Of Over $100,000
- Incredibly Robust Surrounding Demographic Profile
- Strong School District And Proximity To Key Demand Drivers
- Offered Free And Clear Of Existing Debt
Huge Upside Potential of $215+ Per Unit (Monthly)
With market rents well below the competitive subset, Lake Haven Riverside Court has huge potential for upside of $215+ per unit (monthly) with completion of interior upgrades and modernization, which has been proven in the immediate submarket. Improvements such as upgraded flooring, solid surface countertops and upgrades that include stainless steel appliances, bathrooms and lighting packages enable new ownership to push annual rental income over $257,700!
Well-Positioned Asset Primed for Value-Add Implementation | 100% Classic Units
With vintage interior finishes and 100% classic unit types overall, Lake Haven Riverside Court is primed for value-add modernizations and upgrades throughout which will elevate the property positioning and increase average rents significantly … talk about a killer opportunity!
Well Maintained w/Opportunity to Capture $100,000 of Operational Upside
Incredibly well maintained and self-managed by single ownership since the early 2000s, this rare opportunity lends itself to remarkable operational upside, especially given that current rents are among the lowest in the entire submarket. New ownership has the unique opportunity to capture additional revenue through “Other Income” and “Utility Fee Income,” both of which are well in line with the submarket which makes for a premier value-add opportunity! (See ‘Notes to proforma’ on page 23 for details!)