With 11 of the 66 units currently vacant (17%), the portfolio provides an immediate opportunity to capture additional income through lease-up. The investment also presents a significant mark-to-market opportunity, with blended in-place rents approximately 28% below current market rents and approximately 20% below the high-water mark at the individual properties. Combined, the existing vacancy and substantial rental rate discount provide a clear path to meaningful NOI growth and enhanced asset value.
Properties may be purchased individually or as a portfolio.
Please contact the Listing Agents for additional details.
Properties:
Plymouth Village Apartments (24 Units; 2BR / 1.5BA) - 610-620 Breckenridge Lane
Church Way Apartments (17 Units; 1BR / 1BA) - 4219-4221 N. Church way
Grandview Apartments (17 Units; 2BR / 1BA) - 3815 Grandview Avenue
Nanz Avenue Apartments (8 Units; 2BR / 1BA) - 3814-3816 Nanz Avenue