The property acquired is a 3-unit building with 9 total bedrooms between them. With 3-full apartments that can be rented out at a premium during the weekends and 9 total bedrooms that can be rented out during the week, we expect to see high occupancy and solid performance throughout the year. This property features special multi-use zoning which allows for short-term rentals. This is quite key in many cities, as it is part of the challenge in many markets to find a residential property in a good condition in the proper zoning. Different from other properties, we performed a gut renovation of all 3 apartments to turn the typical long term rental property into a very modern bright apartments. This property also features a parking lot for the guests behind the house, which is quite key as many guests arrive here by car. The neighborhood itself is A-, it's not at the center of the city, but it's a emerging neighborhood with some very cool bars, restaurants, coffee shops and modern apartment buildings.
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