Value-Add Townhome Investment | Price Reduction/ Potential Cap 10.3% Well-located townhome property offering a brief value-add window with significant near-term upside. Ownership has completed major capital improvements, all new roofs. Remaining work like interior driveway paving and selective landscaping, units need updating, allowing a new owner to quickly stabilize and reposition. Current rents average approximately $500 per unit, well below market, with tenants paying their own utilities. Property is zoned as individual townhomes, providing long-term flexibility. Each unit features 2 bedrooms / 1.5 baths, two stories, fireplace, living and dining areas, breakfast bar, in-unit laundry, and private patio storage. Units average approximately 1,100 SF. Market rents support: • 1BR / 1BA: ~$700 • 2BR / 1BA: ~$800 Conservative pro forma rents underwritten at $675 per unit, reflecting a near-term rent correction rather than a long-term reposition. this could bring your Cap Rate to 10.08% Additional Upside: Preliminary discussions with planning indicate potential for future individual unit sales, subject to survey, subdivision, and CC&Rs—creating an additional long-term value or exit strategy.