We purchased this 60-unit complex in 2021 and have since invested heavily in its long-term performance. 80% of the units have been fully updated, delivering a modern, well-maintained product that stands out in the local market — all while keeping rents at the lowest price point in the area. The result: a waitlist, not a vacancy problem.
The complex features a mix of 2-bedroom apartments, 3-bedroom apartments, and 3-bedroom townhouse-style units — a diverse unit mix that attracts a wide range of stable, long-term tenants. It's one of the nicest complexes in the submarket despite being the most affordable, which is a rare and defensible position.
Capital improvements are done. New roofs were installed in 2025 and all electrical panels replaced in 2024. The deferred maintenance concerns that burden most value-add deals simply don't exist here. The property is cash-flowing today and primed for rent growth as leases turn.
We practice active, hands-on management — we visit the property regularly and maintain strong relationships with residents. The online reviews reflect that. Occupancy has been 100% since acquisition with a consistent waitlist for new units.