75 Units in Kansas City, MO, purchased for $4,800,000 on March 17, 2023. The average cash on cash on this deal is 8.2%. We did a Freddie SBL Assumption loan at 3.99% with 8.5 years left and six months of interest-only 59% LTV. The central strategy will be completing interior remodels (11 units have full or partial remodels, and most others have the floors done), giving the exterior better curb appeal, redoing the parking lot, and adding pet stations plus a seating area w/BBQs. Most of these interior remodels will be done by our manager in-house(with our close supervision), saving time and cost. This will allow us to raise rents by $113 over three years. We will run the property without a manager on site, which our manager already does successfully with nearby complexes. This will lead to a decrease in operating costs. The former office will be converted into a studio unit, bringing an additional $650 monthly. Due to the property's age, we will most likely sell it before the loan matures and 1031 into a newer asset.