Investment Highlights

  • 2011 construction, offered well below replacement cost with high end interior finishes, including granite countertops and ceramic tiles throughout, as well as competitive amenities
  • With income restrictions terminating, there is over $150,000 of rental upside as units are released/renewed at market rent levels
  • Strong operations with occupancy 96%+ over the past 36 months
  • Buyer may place new financing on the asset
  • A mix of one-, two-, and three-bedroom units featuring a balcony or lanai, walk-in closet(s), additional storage closet, microwave, dishwasher, air conditioning, ceramic tile throughout, granite countertops, full kitchen, backsplash, in-unit washer and dryer connections, and in-unit washer and dryer
  • Community amenities include a business center, clubhouse, fitness center, swimming pool, barbecue and picnic areas (2), playground, volleyball court, and leasing office
  • Recent capital expenditures include fascia repairs in March 2019, repairs from Hurricane Zeta in November 2020, and lift station repairs and appliance purchases in 2019 and 2020

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Pinnacle at Mariner’s Village

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