The Oaklyn
Projected IRR
47.8%
Projected Hold
3 Years
Year Acquired
2025
Through substantial negotiations with seller and former lender to prevent foreclosure, we were able to purchase this property, located in Starkville, MS at an extremely favorable basis of $52k/unit. With an average build of 1992, the business plan includes a $14k per unit renovation/CAPEX schedule to bring the units up to the ECA standard - granite countertops, stainless steel appliances, high-quality LVP flooring, and modern finishes. Starkville is an extremely low supply city anchored by an SEC university (Mississippi State) and when that is combined with our ECA value add strategy, the outcome is expected to be an asset that can trade for north of $90k/unit in 3 short years.