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Osprey Landings Apartments

Osprey Landings Apartments

Price: $ Market Bid

Total Number of Units: 108

Address: 1756 S Clyde Morris Blvd, Daytona Beach, FL 32119, United States

Built in 1985 with 67 Percent 2×2 Floor Plans

Stabilized Asset with Inherent Upside

  • 4.92% total vacancy, concessions and bad debt (T12)
  • 7.95% organic effective income growth (T12)
  • $53,000 in-place loss-to-lease

Substantial Premium Potential for Upgrades

  • Up to $270-295 per month premiums for one and two-bedroom units
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West River Flats

West River Flats

Price: $ Market Bid

Total Number of Units: 135

Address: 1545 Spruce Terrace, Tampa, FL 33607, United States

  • $1.3 million invested in interior renovation and $1 million invested in exterior renovation since 2015
  • 67 percent rent growth since January 2015
  • $272,040 in place loss-to-lease
  • Opportunity to continue recently implemented Phase II upgrade which receives $90 weighted average rental increase per unit per month
  • Opportunity to increase EGI by $96,918 by continuing recently implemented utility reimbursement program
  • Opportunity to capitalize on recently added community pool
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Bel Aire Terrace Apartments

Bel Aire Terrace Apartments

Price: $ Market Bid

Total Number of Units: 324

Address: 100 Bel Aire Drive, Crestview, FL 32536, United States

  • 14.07 percent growth in effective gross income over the past 12 months
  • $58 per unit, per month in-place rental upside compared to most direct competitor
  • 70 percent two and three-bedroom floor plans
  • Opportunity for strategic interior upgrades including but not limited to: stainless steel kitchen appliances, updated cabinet facings, modernized vinyl wood flooring and tile kitchen backsplash

Upcoming Tour Dates: 2/7, 2/21


>>Click Here to View Offering Documents<<

 

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Fairfield Lakes Apartments

Fairfield Lakes Apartments

Price: $ Market Bid

Total Number of Units: 268

Address: 8100 US Highway 98, Pensacola, FL, United States

  • 95%+ T12 Occupancy
  • $113,500 of In-Place Loss-to-Lease Upside Based on Current Asking Rents ($35/unit/year)
  • Up to $300 of Rental Upside based on Most-Direct Market Competitors
  • Opportunity to Perform Strategic Capital Upgrades to Unit Interiors
  • $365 Affordability Gap Between the Cost-to-Own in the Immediate MSA and the Current Average Effective Rent at Fairfield Lakes Apartments

Upcoming Tour Dates: 2/7, 2/20

Call for Offers: Wednesday, February 14th by 5pm EST


>>Click Here to View Offering Documents<<

 

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Cobb Portfolio

Cobb Portfolio

Price: $ Market Bid

Total Number of Units: 103

Address: Marietta, GA, United States

  • Proven Value Add Opportunity: New Ownership is given an opportunity to push rents by implementing interior upgrades throughout all three properties. Revenue can be pushed with a $100 monthly increase per unit which will boost NOI by $123,600 annually.
  • Connectivity to Economic Drivers: Since 2015, the county realized more than $320 million in economic impact and over 5,500 jobs from companies such as Comcast, Aaron’s Inc., Synovus Financial Corp. and The Home Depot expanding within the county’s boundaries.
  • Substantial Economic Growth: All three properties are located in Marietta, GA which has a population of over 56,500, an unemployment rate of 5%, and a future job growth over the next decade to be 35%.
  • Economies of Scale: This investment opportunity gives investors the ability to acquire 103 units located in a highly desirable market with proven rent growth.

 

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Hanley Place Apartments

Hanley Place Apartments

Price: $ Market Bid

Total Number of Units: 400

Address: 7315 West Hanna Avenue, Tampa, FL 33634, United States

  • Opportunity to Acquire 400 Units of Concrete Block Construction in Tampa, Florida
  • Approximately $2.5 Million Invested in Exterior & Interior Renovations Since 2016
  • 21% of Units Upgraded and Receiving Rental Premiums
  • Value-Add Opportunity to Continue and Build-Upon Upgrade Program
  • 95% Current Occupancy – Well Positioned for Agency Financing

 

Call for Offers – Wednesday, December 13th

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Roselawn Village Apartments

Roselawn Village Apartments

Price: $ Market Bid

Total Number of Units: 161

Address: 1992 East Seymour Avenue, Cincinnati, OH 45237, United States

  • Extensive $2.65 Million Renovation in last 24 Months
  • Opportunity for New Investor to Capitalize on Below-Market Rents that were Compressed During Renovation Period (4% In-Place Loss-to-Lease)
  • Phenomenal Entry Position in One of Cincinnati’s Highest Growth Submarkets
  • Favorable Unit Mix – 81 Percent Two and Three-Bedroom Floor Plans
  • Majority Townhome-Style Floor Plan Layouts
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Vista at Palma Sola

Vista at Palma Sola

Price: $ Market Bid

Total Number of Units: 340

Address: 3900 75th Street West, Bradenton, Florida 34209, United States

Call For Offers – Friday, August 18th 

  • Current Average Effective Rents $92 Below Market Average
  • $339,888 In-Place Annual Loss-to-Lease Upside ($83 per unit, per month)
  • 70 Currently Upgraded Units Which Receive a $137/Month Premium on Average
  • Opportunity to Implement a More-Significant Upgrade Package in Order to Achieve a Higher Premium
  • Limited Rental Competition
  • High Barriers to Entry

View Offering Here

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Hillsborough Avenue Redevelopment Opportunity

Hillsborough Avenue Redevelopment Opportunity

Price: $ $2,500,000

Total Number of Units: 0

Address: 13809 W Hillsborough Ave, Tampa, FL, United States

  • 3.57 Acre Redevelopment Opportunity in Tampa, FL
  • Possibility to Develop 120 Multifamily Units in a Strong Rental Market with Limited ‘A’ Com­petition
  • Directly Neighboring the Westchase Residential Community (#1 Zip Code in Tampa Bay for Median Household Income – $94,690)
  • Accessible from Hillsborough Avenue (50,500 Daily Traffic Count)
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