- Huge Upside Opportunity Of $200+ Per Unit (Monthly)
- Meticulously Maintained Asset Primed For Value-Add Implementation
- Exceptional Asset Being Sold By Original Local Developer
- 224 Units Offer Immediate Scale
- Great Connectivity Provides Easy Access To Entire Msa
- Offered Free And Clear Of Existing Debt
Huge Upside Opportunity of $200+ Per Unit (Monthly)
Constructed in two phases in 2003 and 2006, Sherwood Village & Sherwood East boast original interior finishes, which gives new ownership the opportunity to achieve significant rent upside of $200+ per unit (monthly), with completion of light interior upgrades and modernizations coupled with further continuity and improvement of the stabilized operations already in place. Cosmetic updates to the units and a modernization of the amenity package will enable the new investor to push annual rental income by over $500,000 per year!
Meticulously Maintained Asset Primed for Value-Add Implementation
The assets have been meticulously maintained by the long-term local ownership group with significant capex completed in recent years (including all new roofs in 2020). Sherwood Village & Sherwood East have maintained vintage unit interiors and a robust amenity package that are primed for value-add upgrades with a highly sought-after foundation ready for modernization.
Exceptional Asset Being Sold by Original Developer
Sherwood Village & Sherwood East are being sold by the original local developer who has managed the properties consistently for 19 years. This long-term conservative ownership strategy offers a new investor the opportunity to capitalize on low-hanging fruit and boost revenue significantly.
