Blake Investment Advisors is pleased to announce the exclusive listing of the Marguerite Apartments. The current ownership has kept the property in excellent condition and made numerous improvements to the interior and exterior of the property. Nine of fourteen apartments have been renovated to include; stainless steel refrigerators, sinks, oven/range and dishwashers, new lighting fixtures, new luxury vinyl plank flooring in living room, dining room, and kitchen, granite kitchen and bathroom countertops, tile flooring in the bathrooms. The asset’s diverse unit mix, coupled with its prime “A” location, allows for significant rent growth upon turnover, by finishing the renovations already completed by ownership on the five unrenovated apartments and/or adding ventless washers and dryers and Luxury Vinyl Plank floors in the bedrooms to all apartments. One major value-add opportunity remains after the completion of adding washers/dryers in the apartment homes; the potential to add a new unit in the space where the current common laundry room is situated. The space is already plumbed for washers/dryers, and current ownership has plans to add a studio apartment that will be made available as part of the sale. This additional income, combined with the considerable rent growth potential inherent in both the market and the property, supports a projected End-of-Year-5 Capitalized Value of $4,560,000—yielding a potential equity gain of $1,310,000 and a levered return of over 12.27% in a very safe investment and location. BIA has added funds to the 10-Year Discounted Cash Flow analysis contained herein to cover the cost of renovations as follows; $20,000 per door for the six unrenovated units, $5,000 per door for the cost to complete the addition of ventless washers/dryers for all units, $70,000 budget to finish the addition of 1 studio apartment totaling $260,000 total. Said capital improvement budget has been added to the capital stack as additional down payment in the financing breakdown.