Country Side Apartments

Acquired 30 unit apartment complex outside Tilton, IL from semi-retiring real estate investor. Inherited low gross rent roll, 5 vacant units, and significant deferred maintenance. Used operating cashflow to renovate 24 of 30 units over 16 months, billed back utilities, converted owner’s office to 2 bedroom apartment, increasing rents by average of $125 per unit, gross rent roll increased by 50% as of August 2022. 100% occupied.