- Prime Value-Add Opportunity with Upside of $100/Unit per Month
- Excellent Location with Easy Access to Retail, Entertainment, and Employment
- Opportunity to Significantly Reduce Expenses
- Recent Exterior Improvements Provide Strong Curb Appeal
- Excellent Connectivity & Demand Driver Proximity with Strong Demographics
- Offered Free and Clear of Existing Debt
Prime Value-Add Opportunity with Upside of ~$100+/Unit (Monthly)
Manchester on May is well-positioned for value-add implementation. New ownership will have the opportunity to achieve a significant rent upside of ~$100+/unit monthly with the completion of interior upgrades and modernization. Five units are currently down, providing even further upside opportunities for a new owner. Once the reposition project is complete this could allow new ownership to grow EGI by nearly $500,000 annually.
Excellent Location with Easy Access to Retail, Entertainment, and Employment
Manchester on May is situated right off the NW Expressway, positioning residents on a main corridor most popular in the city for shopping, entertainment and dining out. Penn Square Mall, a premier fashion destination, big box retailers, and INTEGRIS Baptist Medical Center are only minutes away.
Opportunity to Significantly Reduce Expenses
By installing an HVAC system and separating utilities, the new owner can tremendously reduce expenses, increase the property’s NOI, and boost leasing proficiencies. This strategy can result in long-term savings for the property, and improve the return on investment.