Leases are M2M (bar - Jul 27). Leases present ability to accelerate unit upgrade timelines, can increase NOI (from $53K to 103K). Cost segregation study; up to ~$200K in depreciation. Cash flows day 1. Room to negotiate to increase/accelerate day 1 cash flow - get closer to debt service coverage ratio. Great value add play - Chi multifamily supply constrained transit corridor! Step into day-one profitability with a 'take key, make money' asset that generates immediate annual cash flow while you plan your value-add upgrades..