107-119 University Dr
Multifamily | 41 Units | $120,122/unit
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Investment highlights
Immediate Cash Flow with Proven Value-Add Potential: The property is currently a cash-flowing asset, but there is meaningful upside potential for Net Operating Income (NOI) growth by implementing a more structured, professional management and leasing approach.
Strong Unit Renovation Momentum: Significant capital improvements have already been made, including new LVP flooring, LED lighting, updated kitchens, and fresh paint throughout, reducing future CapEx needs and supporting higher achievable rents.
Highly Desirable Unit Mix and Location: The balanced mix of 21 one-bedroom units (575 SF) and 20 two-bedroom units (700 SF) is strategically located near Innovation Park, ensuring strong tenant demand driven by new job creation in the Springs area.
Opportunity to Optimize Operations: Clear potential exists to significantly enhance income collection and streamline leasing processes, providing an immediate path to increased profitability for a new, active owner/operator.
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