Units 205, 303 and Guest room will be delivered vacant by 9/30/20. Gross income, Cap Rate and GRM assumes that vacant units will be leased by Seller at market. See Docs for Offering Memorandum. The unit-mix consists of 13 2bed+2bath units, two 3bed+3bathroom units, and one guest room unit. Some of the units have undergone an extensive renovation program in the past two years and feature new flooring throughout, new kitchen cabinets with black stainless-steel appliances including Samsung refrigerators, and updated bathrooms. The three-bedroom units are located on the third floor and feature higher ceilings and larger windows that let in more natural light. Secured tuck-under parking is provided on-site with 31 spaces comprised of 10 tandem and 11 single spaces. Units are separately metered for electricity and gas. The property also includes a laundry room on each floor with one washer and dryer that are owned by the landlord.
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