- High-Quality Adaptive Reuse With Best-In-Class Offerings
- Incredibly Well-Positioned For Value-Add Implementation
- Remarkable $169/Unit (Per Month) Upside With Light Interior Cosmetic Updates
- Strong Surrounding Demographic Profile
- Prime Location Near Employment, Retail, & Entertainment
- Offered Free And Clear Or With Attractive Assumable Financing
High-Quality Adaptive Reuse in Downtown St Joseph
Exceptionally high-quality construction is evidenced throughout both Mitchell Park Plaza and Lofts at 415, which is the product of a 2008 Historical Rehabilitation where no stone was left unturned. These two communities offer a robust top-of-market amenity package and high-end finishes throughout the unit interiors.
Incredibly 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.
Remarkable $169/unit (Per Month) Upside with Light Interior Cosmetic Updates
The portfolio provides an outstanding opportunity to capture rent upside of $169+ per unit (monthly) with light, interior cosmetic updates. New ownership will have the ability to significantly push annual rental income by over $860,903 upon completion of unit upgrades that include new cabinet fronts and hardware, appliances, updated fixtures/faucets and new lighting packages throughout.
