100% occupancy A non refundable “risk fee” on every new lease that averages out to be $1500 per unit is charged There are multiple large factories in close proximity plus a $600 million Google data center in Bridgeport Limited multi family competition in the surrounding area Outstanding property manager who may be retained by new ownership Onsite property maintenance There is Upgraded on-site laundry that generates vending income of ~$8000 per year There is a brand new onsite dog run Two large on-site storage/facilities rooms Capacity expansion opportunity on existing pad with consistent building footprint This is a turn key property - We have spent considerable time and resources over the past two years maximizing revenue, reducing ongoing expenses and perfecting the operation. Also, we have a new $49 per unit monthly utilities fee that we have recently implemented. This should boost the asset value by an additional $200,000 once fully implemented. ($49 x 28 x 12 / 8%)