Prime investment opportunity Grand at New Port – 250 Units – all 2 bedroom – 3817 George Washington Highway, Portsmouth, VA T-12 NOI = $1,409,139.79 Occupancy = 92.0% occupied Rent Growth opportunity as average rent is considerably lower than Virginia Housing rent limits - Market Rent = $950/month - $1,100/month - Virginia Housing rent limit = $1,438/month The current EUA for the property is available . EUA period began 2017 and ends 2031. Current ownership has invested $2,000,000 CapEx over the past 3 years. - Roof replacement, grounds improvements, lighting improvements, landscaping improvements, HVAC replacements and approximately 100 unit renovations