THE OPPORTUNITY 3527 Bolling Road is a five-unit property built on 1966, consisting entirely of two-bedroom town-house style units, that feature private backyards for each unit. The Property is located in East Highland Park, just off of Mechanicsville Turnpike and Laburnum Avenue. STRONG IN-PLACE CASH FLOW The Property has in-place rents of $1,285 placing it among the top of comparable properties in the surrounding area. The building is separately metered for electricity and the residents pay a monthly water fee, the net effect being that residents are responsible for all utilities. SIGNIFICANT CAPEX RECENTLY COMPLETED The current ownership recently completed extensive renovations throughout each of the units. These renovations allow new ownership to attract and retain tenants at top of the market rents, while reducing the costs of maintenance and the need for further capex. PLANS FOR COMMUNITY INVESTMENT The Property is located adjacent to Glenwood Farms, a 34-acre site that is being redeveloped into a master-planned mixed-use community. The development will feature 913 dwelling units, a mix of townhomes, apartments, and age-restricted units: in addition to commercial space, and multiple community centers.