Total Units: 56
Targeted IRR: 16.2%
At the time of acquisition in 2018, the apartment interiors were long overdue for replacement. Regardless, this community represented an ideal value-add opportunity considering its location in the hills of Canton, Ohio. With easy access to major freeways, commuting to work and local hangouts is easy. This 56 unit property is in a stable growth area with an effective rent growth rate of 11.25% from 2020 and an average occupancy of 97%.