CASE STUDIES
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Bridgewater is just a short travel time to all of the attractions associated with downtown Orlando, providing easy access to an exceptional mix of stores and restaurants that serve residents shopping and entertainment needs. The apartment complex offers one and two bedroom resort-style apartment homes that include private screened in patios/balconies
Interior renovations included upgraded black appliances, kitchen backsplash, resurfaced countertops, thermafoil cabinet fronts, upgraded hardware and fixtures, and new vinyl sheet/carpet flooring. Exterior renovation included the installation of an outdoor kitchen, new pool furniture, resealing of the parking lot and a remodeled fitness center.
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BRIDGEWATER
41.7%
Annualized ROI YOY
$171
Avg. Rent Increase
$4.92K
Avg. Interior Reno Spend/Unit
Bridgewater is just a short travel time to all of the attractions associated with downtown Orlando, providing easy access to an exceptional mix of stores and restaurants that serve residents shopping and entertainment needs. The apartment complex offers one and two bedroom resort-style apartment homes that include private screened in patios/balconies
Interior renovations included upgraded black appliances, kitchen backsplash, resurfaced countertops, thermafoil cabinet fronts, upgraded hardware and fixtures, and new vinyl sheet/carpet flooring. Exterior renovation included the installation of an outdoor kitchen, new pool furniture, resealing of the parking lot and a remodeled fitness center.
Bridgewater is just a short travel time to all of the attractions associated with downtown Orlando, providing easy access to an exceptional mix of stores and restaurants that serve residents shopping and entertainment needs. The apartment complex offers one and two bedroom resort-style apartment homes that include private screened in patios/balconies
EAST POINTE
East Pointe at Altamonte is located in the heart of Altamonte Springs located within 1.5 miles of shopping, restaurants, Interstate 4, and the Sun Rail. The asset consists of 354 units with a wide array of amenities and energy efficient studio, one bedroom, and two bedroom apartment homes, along with two bedroom townhomes.
Interior renovations totaled $1,253,302 and included changing all appliances from white to black, backsplash changing all cabinet hardware from round pulls to stainless steel bar pulls, upgrading harder and fixtures, adding vinyl sheet and carpet flooring.
43.6%
Annualized ROI YOY
$162
Avg. Rent Increase
$4.45K
Avg. Interior Reno Spend/Unit
The historical capex investment of $3.76M dramatically repositioned East Pointe. $1.25M in interior renovations resulted in an average rent increase of $162 with an annualized 43.68% ROI for the year of the renovation.
GULL HARBOR
Gull Harbor is located in North Redington Beach, just minutes from St. Petersburg, Clearwater, and Treasure Island, FL. The property is positioned to provide its residents with a prime location and great accommodations both in the home and onsite. Amenities include two refreshing swimming pools, a renovated gym, and sundeck with outstanding views of the Gulf of Mexico.
The asset consists of 237 apartment homes, featuring upgraded kitchens, wood vinyl flooring, and modern finishes. Interior renovations consisted of new counters, backsplash, shaker cabinet fronts, light fixtures, flooring, plumbing fixtures, stainless appliances and new paint. Exterior renovations included new roofing, leasing remodeling, new pool furniture and landscaping improvements.
17%
Annualized ROI YOY
$12.8K
Avg. Interior Reno Spend/Unit
The $4.21M overall capex investment for this dramatic repositioning included $1.99M in interior renovations, which resulted in an average rent increase of $183 with an annualized 17.1% ROI for the year of the renovation.
Gull Harbor is located in North Redington Beach, just minutes from St. Petersburg, Clearwater, and Treasure Island, FL. The property is positioned to provide its residents with a prime location and great accommodations both in the home and onsite. Amenities include two refreshing swimming pools, a renovated gym, and sundeck with outstanding views of the Gulf of Mexico.
The asset consists of 237 apartment homes, featuring upgraded kitchens, wood vinyl flooring, and modern finishes. Interior renovations consisted of new counters, backsplash, shaker cabinet fronts, light fixtures, flooring, plumbing fixtures, stainless appliances and new paint. Exterior renovations included new roofing, leasing remodeling, new pool furniture and landscaping improvements.
17%
Annualized ROI YOY
$183
Avg. Rent Increase
$12.8K
Avg. Interior Reno Spend/Unit
East Pointe at Altamonte is located in the heart of Altamonte Springs located within 1.5 miles of shopping, restaurants, Interstate 4, and the Sun Rail. The asset consists of 354 units with a wide array of amenities and energy efficient studio, one bedroom, and two bedroom apartment homes, along with two bedroom townhomes.
Interior renovations totaled $1,253,302 and included changing all appliances from white to black, backsplash changing all cabinet hardware from round pulls to stainless steel bar pulls, upgrading harder and fixtures, adding vinyl sheet and carpet flooring.
