Heavy Cap Ex Completed

Current ownership has spent over $1MM since 2020 on capital  expenditures around the property that includes both interior and exterior improvements. Improvements include items such as new roofs, framing, exterior stairs/decks, AC units, electrical, and plumbing.

Proven Value Add with $45,600 Upside Opportunity 

This property has begun a renovation process involving new appliances, quartz counters, hickory cabinets, oak doors, LED lighting and vinyl floors. Currently 16 units have been completely gutted and renovated, with newly renovated units capturing $200+ rent bumps. Opportunity to complete the renovation process and receive market rents across the entire property.

Strong Occupancy

Cedar Pointe is currently 100% occupied. Strong leasing performance leaves rooms for organic rent bumps before any improvements are made.