Excellent value-add opportunity. For sale by owner, we just need to exit before fully running our business plan to free up capital for other projects. Proposed business plan is to renovate units to match the B+/A- fit/finishes in neighboring rentals/comparables. Clear path to increase monthly rental income from ~$11k/mo. to ~$14k/mo. (see our rental comparables and pro forma by accessing the offering memorandum by registering/inquiring). Capturing this $36k revenue bump should net you a $450-$515k value increase at a 7-8% cap rate.