Listed by Theophanes Gaitanaros
$4,950,000
Braeswood Apartments
Details
Property Type Retail, Multifamily
Units 66
Class C
Year Built 1970
Acreage 1.590
Ground Lease No
Braeswood Apartments (Large Operational Upside)
Investment highlights
Braeswood Apartments is a 66-unit multifamily asset presents a compelling value-add opportunity with clear operational upside and a proven path to increased cash flow. Currently the owners do not have a professional management company and do ZERO online marketing. Prices and pictures of these floorplans cannot be found online. Operating at approximately $274,538 in NOI (41% margin), the property offers immediate upside through improved management, lease-up, and expense optimization. With occupancy trending from 87.9% toward stabilized levels of ~95%, a new owner can drive revenue growth while simultaneously expanding NOI margins to ~50%, in line with well-operated assets in the market.
Listing Contacts
Listed by Theophanes Gaitanaros
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