110-Unit Residential Portfolio
Tennessee, United States
Income-Producing Residential Portfolio
Executive Summary
This 110-unit residential portfolio in Tennessee, United States, currently operates at 77.3% occupancy. The portfolio produces income today and offers measurable potential through lease-up of the 24 vacant units and continued rent optimization toward market levels.
Property Overview
A single-market residential portfolio of 110 units located in Tennessee, United States. The property operates under Section 42-related rent provisions. This is not a Section 8 offering.
Current Operations
The portfolio is tenanted and operating. The figures presented reflect current reported operations and are subject to verification during due diligence.
Occupancy
- Total units
- 110
- Current occupancy
- 77.3%
- Current Occupied Units
- 85
- Units on Notice
- 1
- Vacant units
- 24
Current Income
- Current monthly rent collected
- $67,744/mo
- Current annual EGI
- $812,933
Market Rent Potential
- Monthly market rent potential
- $109,780/mo
- Annual market rent potential
- $1,317,360
- Monthly revenue upside
- $42,036/mo
Value-Creation Opportunity
Lease-up of the 24 vacant units, combined with continued rent optimization, represents approximately $42,036 of additional monthly revenue relative to current operations.
Due Diligence Notice
All operating figures are preliminary and subject to verification through full due diligence, including rent roll audit, financial review, physical inspection and confirmation of program compliance requirements.