The Vues at North Liberty 601 W Center Dr 20 Unit Apartment Building $2,991,344 CAD ($149,567 CAD/Unit) 7.11% Cap Rate North Liberty, IN 46554

OPTIMIZED MULTIFAMILY ASSET – $42K Annual Expense Reduction & Proven Rent Upside Investment Overview: The Vues at North Liberty presents a rare opportunity to acquire a 20-unit multifamily complex (10 duplex buildings) that has undergone a total operational transformation. Under new professional management, the property has seen a $42,000 annual reduction in operating expenses, significantly increasing Net Operating Income (NOI) without deferred maintenance. The VRM Management Advantage: Current ownership has replaced a high-turnover "churn" model with a transparent, automated, and institutional-grade management system. Expense Reduction: Successfully lowered Property & Casualty insurance by nearly 50% (from $4,103/mo to $2,107/mo) and eliminated $32,000+ in annual "maintenance churning" fees. Proven Rent Growth: While historical rents averaged $775–$800, current ownership successfully secured a market-leading lease at $1,095/month within seven days of takeover—confirming significant upside across the remaining units. Strict Resident Standards: All new tenancies now require a minimum credit score, a 2.75x income-to-rent ratio, a clean background check, and a full security deposit ($1,095), ensuring long-term stability and asset protection. Property & Location Highlights: Turnkey Condition: 100% occupancy with recent 2024 upgrades and no pending major capital expenditures. Expansion Potential: Situated on an expansive 4.18-acre R2 zoned lot, offering potential for carports, garages, or end-cap unit conversions. Strategic Market: Located 15 miles southwest of South Bend, North Liberty serves as a high-demand affordability buffer for the metropolitan area. SECURE THIS HIGH-PERFORMING, STABILIZED INVESTMENT TODAY.