The Wilson Place Apartments consist of twenty-six (26) stabilized apartment units located in the West Fayetteville Submarket. There are four buildings in total—three 8-unit buildings (4,600SF) constructed in 1972, and one duplex (1,647SF) constructed in 1968. Property upgrades during the past 5 years include the following: • All building roofs replaced (completed within the last 24 months); • 15 of 26 HVAC systems replaced; • 23 of 26 units fully updated, including: o LVP flooring throughout o Fresh interior paint o Updated countertops • Market rents increased by $325+ per unit as renovations were completed; • Main drain lines replaced in 2 of the 4 buildings; • Washer and dryer hookups added in all 26 units. As a result, deferred maintenance is significantly reduced, lowering future capital risk for buyers, and creating a strong value-add opportunity with proven rent growth already in place. In addition, tenants are billed $50 per month for water usage, creating an additional income stream and helping offset operating expenses. From a positioning standpoint, this asset offers: • Major capital items already addressed (roofs, HVAC, plumbing); • Interior renovations 90% completed; • Proven rent increases with additional upside remaining on the remaining units; • Utility cost recovery through tenant water billing. Currently annual gross operating income is $209,784 with value-add opportunities. The T-12 net operating income for the property is $136,704 (6.85% cap rate). Wilson Place Apartments are located off Bragg Blvd in the West Fayetteville Submarket just 0.50 miles from the All-American Expressway and 1.75 miles from I-295 Outer Loop, providing the property convenient access to the major roads in and around Fayetteville and to Fort Bragg