FUND PORTFOLIO ASSETS
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Apartments | 740-units | South Bend, IN
Asset Highlights
Location | 1.8 miles from Notre Dame University
Amenities | Best amenities in the immediate area
Proven Value-Add Model | Previous owner invested $4 million in renovations including a full exterior repaint, clubhouse remodel, new roofs
High Occupancy | 94% occupancy equates to immediate investor cash flow
Strategy Highlights
156 units already renovated achieving $100+/- monthly rent premium
580 additional units will be renovated with a $6 million renovation budget
7 year target investment period