This property was purchased in a distressed state which allowed Bakerson to acquire it at a price with room for renovations. The property was all 1 bed units, and with some creative repositioning and updates, the unit mix became 20 2/1 units, 20 1/1 units and 24 studios.
|Value Add||Interior Renovations
Exterior renovations – Paint job, awnings, pool area.
Solar – Installed solar to assist with running the chiller system, this allowed the epenses to be lowered, increasing NOI.