Fully occupied waterway-front rental building

A small, fully occupied rental building on the water, with boat dockage generating income alongside the rents. Unit sizes are well above what the submarket typically offers in this asset class — two- and three-bedroom plans, none under 1,100 square feet — which is a large part of why occupancy has held.

The building is professionally managed and comes with twelve months of clean, line-item operating statements rather than a summary pro forma. In-place rents sit a little under the management company’s own market assessment, so there is modest mark-to-market on renewal without any repositioning required.

Suited to a core or core-plus buyer who wants durable occupancy and real financials rather than a story. Full trailing-twelve statements, rent roll, and unit mix go to verified buyers.