Price Adjustment — 16 Unit Multifamily Now Offered Under $1M 500 Richardt Avenue presents a 16-unit multifamily investment opportunity offered at $995,000 (approximately $62K per unit), providing immediate in-place cash flow with clear upside through rent repositioning. The property consists entirely of sixteen (16) 1-bedroom / 1-bathroom units and is currently 100% occupied, delivering stable income from day one. Current NOI is approximately $84,208, representing an ~8.5% entry cap rate at the new pricing. Recent capital improvements including a new roof and windows (2022) reduce near-term capital expenditure risk while improving long-term asset durability. Current average rents of approximately $650 per unit are below estimated market rents of $800-875, providing a clear path to revenue growth through strategic rent repositioning. With rents brought closer to market levels, investors have the potential to increase NOI significantly. Recent capital improvements including a new roof and windows (2022) reduce near-term capital expenditure risk while improving long-term asset durability.