Twin Oaks Meadows consists of 63 units, of which 51 are one-bedroom and 12 two-bedroom apartments measuring 554 and 756 square feet. The complex is currently 96.8% occupied. Developed in 1994, Twin Oaks Meadows offers affordable, quiet living with a community feel.
Twin Oaks Meadows is ripe for value-add investment. In their current condition, the one-bedroom units are renting $68 below market and the two-bedroom units are renting $139 below market. If rents are brought to full market level, an additional $61,632 of NOI is created, bringing the property’s value up over $1,000,000. With nearly 100% of the units in classic condition, there also remains more upside potential through a unit upgrade program.
This opportunity is being presented unpriced with a bid deadline format. Initial tours will be held December 1, 2022, with a bid due date of December 6, 2022. Please contact IPO for additional information and to schedule your tour.