Assumable 3.61% Agency Debt | 8 Years Remaining

Tyndall Pointe is being offered as a loan assumption with an existing Fannie Mae loan, featuring a favorable 3.61% interest rate with 8 years of term remaining! This incredibly valuable component to the deal relieves 100% of the volatility in today’s capital markets atmosphere and allows a purchaser to dial in their acquisition assumptions with full confidence.

Extensive Capital Improvements – Fully Renovated Asset 

Over the last handful of years, Tyndall Pointe has gone through a massive renovation to improve both the interiors and exteriors of the entire property. In total, current ownership has spent over $2,100,000 on property upgrades. Exterior upgrades include new roofs, new HVAC/mechanical systems, and new windows. Interior upgrades include the addition of a second full bathroom to the second bedroom in all units, new flooring, fresh paint, and plumbing and electrical upgrades. These improvements allow a new owner to focus on cash flow as opposed to future capital expenditures. 

Rent Increases of $148/Unit | $127,621 with Limited Capital Needed 

Tyndall Pointe presents a unique opportunity to increase revenues without spending additional capital! A new owner can simply increase rents upon lease turnover to be competitive in the market comp set with rents that are already being achieved at higher levels at nearby properties. Current max achieved rents are already being achieved at 55 of 72 units (76%+). By increasing average rents 10%, Tyndall Pointe remains in the middle of the comp set for other renovated or newer properties in the area.