1 PROVEN VALUE-ADD OPPORTUNITY
24 Units have been upgraded with new appliances, laminate
countertops, 6 panel doors, painted cabinets, light fixtures,
faucets, and new hardware. Georgetown South is currently
achieving up to a $75 premium on these units.
2 RECENT MAJOR CAPITAL PROJECTS COMPLETED
Current Owner has completed many large capital projects
including replaced all windows and patio doors in 2018, all new
pool lines, plaster, copping stone and tile in 2018, minor asphalt
mill and paving in 2018, and converted 10 units to Central AC.
3 CLOSE PROXIMITY TO LAFAYETTE’S LARGEST
EMPLOYERS
The property is located only 10 minutes away from the two
largest employers in Lafayette, Caterpillar and Subaru. Also, only
.5 miles away from the elementary and high school.
4 STRONG HISTORICAL RENTAL INCOME GROWTH
Georgetown South has grown Net Rental Income 6.0% in the
Trailing 12 months and 7.5% over the T-3. A new owner has
the opportunity to take continue this momentum through
continuing to raise occupancy and burn off concessions.
5 MARKET RENTS BELOW COMPETITION
Current Market Rents are anywhere from $50 - $150 below
current competition. A new owner can raise rents day one to
bring property in line with surrounding competition.
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