- Highlights/Opportunity: Strong cap rate
- Tenant: Tenant is full Section 8
- Location: 8 Colleges and universities located in Montgomery; Massive Student Market
- Per the inspection report dated 4/20/2022, the following items were noted to repair. The items are numbered per inspection report and are pending repair:
(2) Structural: Damaged roof framing and decking noted in the attic. Recommend evaluation and repairs.
(3) Roof: Roof decking appeared to be damaged. Right side of roof appeared to be impact damaged. The gable vent has wood rot and is excessively damaged.
(4) Kitchen: Window was painted shut which is a safety issue. Recommend repairs.
(5) Bedroom 1: Window was painted shut which is a safety issue. Recommend repairs.
(7) Bedroom 5: Window was painted shut which is a safety issue. Recommend repairs.
(8) Bathroom 2: Window was painted shut which is a safety issue. Recommend repairs.
(9) Attic: Joist had been cut, other joist were damaged. Some mild discoloration was noted due to age and previous leaks. Recommend repairs and microbial remediation.