2901 Pleasant Valley Rd
- Turnkey Condition: 100% of the units have been newly renovated with LVP flooring, upgraded appliances, new vanities, and modernized fixtures, minimizing immediate CapEx needs.
- Operational Scale: Because it is located steps away from The Retreat at Pleasant Valley, an investor purchasing both assets can unlock significant operational efficiencies through shared staffing, management, and maintenance.
- Strategic Revenue Flexibility: Ownership retains the flexibility to pivot between market-rate and Section 8 subsidized tenants. Capturing high rents with conventional tenants establishes on-site "Rent Reasonableness" comparables, allowing ownership to maximize government-backed subsidies under the new 2026 SAFMR limits.
- Strong Returns: Projected to deliver a 7.69% Year 1 Cap Rate and a 19.6% 5-Year IRR
Property Description
Bird's Nest is a highly stabilized, 32-unit multifamily community featuring efficient one-bedroom, one-bathroom layouts averaging 578 square feet . Built in 1978, the property underwent a 100% comprehensive interior renovation in 2025 and currently boasts a 95% occupancy rate. This property can be acquired individually or as part of the 149-unit Azalea Collection portfolio
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,080,000 |
| No. of Units: | 32 |
| Opportunity Zone: | No |
| Price per unit: | $65,000 |
| Property Website | Click Here |
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