- Long-Term Owner-Operator (12+ Years)
- Positioned & Poised for Value-Add Implementation
- High-Quality, Well-Maintained Community
- Convenient Interstate Accessibility
- Near Restaurants, Shopping, & Entertainment
- Offered Free and Clear of Existing Debt
Long-Term Owner-Operator (12+ Years)
Willowind offers an incredibly rare opportunity to purchase from a long-term owner and operator of more than 12 years. The property has been owner-managed and meticulously maintained throughout its lifetime. New ownership will have the opportunity to capture substantial upside through cosmetic interior renovations. Professional management along with more aggressive leasing will also increase operational efficiencies, further increasing revenue.
Positioned & Poised for Value-Add Implementation
Willowind was constructed in 1972 and features 100% original interior finishes, creating an outstanding opportunity to achieve rent upside of $119 per month per apartment home with moderate interior upgrades. Adding cosmetic upgrades such as new kitchen cabinets, LVT flooring, solid-surface countertops, new stainless appliances, an updated lighting package, and upgraded bathrooms will allow a new buyer to push annual rental income significantly!
High-Quality, Well-Maintained Community
Willowind has been held and expertly maintained under the same owner for the past 12 years. Current ownership has employed a long-term conservative strategy in lieu of maximizing net operating income, as illustrated by the property’s below-market rents and an occupancy level that consistently hovers around 100%. As a result, the property is ideally positioned for new ownership to add substantial value through operational improvements such as substantial rent increases and other income charges, as well as strategic capital investments focused on driving rental rate premiums.