Purchase Price: $1,150,000
Current Rates ~47% Below Market Rates
$53,000/Year Gross Potential Revenue Upside
Average Unit Size 88 SF/Unit
100,000+ Population Within 5 Mile Radius
8.16% Anticipated Population Growth by 2025
9,750 NLSF
110 Units
94% Physical Occupancy
90% Economic Occupancy
2016 Farley Drive, Wilmington North Carolina 28405
