| One- and two-bedroom units (~430–698 SF) designed for functionality and affordability, capturing the most liquid segment of renter demand. |
| Current occupancy exceeds 96%, significantly outperforming the ~91% submarket average, providing immediate cash flow stability. |
| Renovated units have achieved premiums of ~$100 to $200 per month, validating the renovation scope and rent growth potential. |
| Remaining units offer a highly executable opportunity to standardize interiors and drive additional revenue through a scalable renovation program. |
| Rare opportunity to acquire two adjacent assets, enabling operational efficiencies, leasing synergies, and streamlined on-site management. |
| Late-1970s construction with efficient, workforce-oriented layouts ideally suited for cost-effective interior upgrades and long-term hold strategies. |
Jon Ruzicka
Marcus & Millichap
