This property represents a prime investment opportunity with substantial upside in the sought-after Ripon rental market. Located in a community known for its safety and stability, the asset benefits from strong tenant demand and a well-established resident base, ensuring immediate income and long-term security. The investment is further enhanced by two key drivers: (1) the opportunity to streamline operations and reduce expenses through more efficient management, and (2) the fact that current rents are approximately 15% below market. This dynamic guarantees consistent rent growth year over year, both through maximum allowable increases for existing tenants and by capturing full market rents as units turn over. With these strengths, the property is positioned to generate reliable cash flow today while offering significant appreciation potential over the investment horizon.