Pinnacle at Battlefield, a 42-unit property built in 1970 and located in Rossville, GA, presents a strong value-add investment opportunity, particularly due to its proximity to the growing Chattanooga, TN market. Because this property can be acquired well below the sales comparable set, the asset offers both short-term cash flow potential and long-term capital appreciation, making it attractive to experienced multifamily investors looking for a light value add in a growing market.
This asset presents investors with a great opportunity to acquire a multifamily asset with more than enough room to push rents. Market rents for properties of this type in the area are considerably higher than the current asking rents for the subject property. Current renovations have improved the property's value but have had a short-term impact on occupancy, there is substantial potential for revenue growth if management increases occupancy to over 90% and adjusts rents to align with market rates. This opportunity is further explored in the following slides, which includes a side-by-side comparison with The Crossing, a nearby comparable property.