This investment opportunity offers an attractive 7.65% current CAP rate, increasing to 7.94% in Year 1 and 8.76% pro forma, with pricing at just $196,333 per unit—below the market comparable average. Studios are currently 20%+ below pro forma rents, providing significant rental upside. Located within an Opportunity Zone, the property offers potential capital gains tax advantages and consists of two separate parcels, providing flexibility for a 1031 exchange. Additional highlights include ample parking, no on-site manager requirement, individually metered gas and electric, and a RUBS program to recover water and trash costs, with projected cash-on-cash returns ranging from 8.00% to 13.64% depending on stabilization.