Proven Rent Growth

Average in-place rents at Apartment Village have increased from $551 in January 2022 to $880 in September 2025, representing a 60% increase over the period and underscoring the property’s strong rental momentum and sustained demand.

Significant CapEx Spend

Current ownership has invested significant capital into the property, including cosmetic unit renovations and upgrades to bathrooms and kitchens, creating a well-maintained asset with limited immediate capital needs. Additionally, prior ownership replaced all but 1 roof, starting in 2016 and installed individual Water/Sewer meters in all units. Each unit features a storage unit and Washer/Dryer connections in the basement.

Attractive Basis

Apartment Village is being offered at a compelling basis relative to replacement cost and comparable sales, providing investors with a strong entry point and meaningful long-term value upside. Submarket apartment sales have eclipsed $100,000 per unit.

Below Market Rents

Comparable properties in the area are achieving $100–$200 higher rents on similar floorplans with fewer renovations. If new ownership implements a unit upgrade program, the property is well-positioned to capture additional rent growth through its more desirable layout.

Limited New Supply Enhancing Demand

With only 268 units delivered in the past year and minimal inventory growth anticipated, existing properties are well positioned to benefit from sustained demand.