This fantastic, value-add opportunity consists of 187-unit, 3-property package, primed for capital improvements.
Units are currently priced on average $172 below market, which with current demand and 100% occupancy we conservatively project strong upside. Locally managed, well-maintained assets with the opportunity for amenity and interior upgrades. The portfolio is nestled in close proximity to Auburn University which has a total enrollment of 31,000+, near multiple major employment hubs. Located in a consistently growing tertiary market which has
strong job and population growth. It’s located in the 19th fastest growing metro area in the United States.
Project Sources: $23,052,779
Project Timeline: 5 Years
Projected Returns: 7% preferred return yearly
Projected Equity Multiple: 2.01x
Location: Auburn, AL
Strategy: Value-Add Equity Growth