Cedar Trace and Eastwyck

Investment Highlights

VALUE-ADD: RENTS ARE $200 BELOW MARKET
Market rents at Cedar Trace/Eastwyck are significantly lower than the competition, making the assets strong candidates for a value-add strategy.

STRONG MARKET FUNDAMENTALS
The Mobile market has offers strong fundamentals that support continued investment in the area. Over the past five years, average effective rents in the market have grown 11.2% to $814.​​​​​​​

BURGEONING MOBILE ECONOMY
The Mobile economy is experiencing tremendous growth and has put itself in a position to be the Gulf Coast’s leading economy and job creator.

FREE AND CLEAR
Cedar Trace/Eastwyck are offered to investors free and clear of existing debt.

Investment Summary

  • Status: Sold
  • Mobile, AL
  • Total Units: 228
  • Year Built: 1976/1977
  • Total Acres: 12.13 AC
  • Occupancy: 75%
  • In-Place Rent: $400
  • Proforma Market Rent: $603

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