Neither Investment.Net nor 1031Property intend to act as a broker or sell any goods or services.ġ031Sponsors does not offer legal or tax advice. The company is functioning in the 1031 exchange market for more than 15 years. Overall, Nelson Brothers is aiming to add close to $500,000 in new revenue.ġ is a web portal owned by Investment.Net, LLC. In total, the current goal is to potentially add up to 30 new beds with 10 new units. Third, Nelson Brothers plans to re-purpose the current leasing office and clubhouse into revenue producing units. Further, Nelson Brothers is looking to add new townhome style units in the second and third stories above the new clubhouse. The goals would be to construct a state-of-the-art, bestin- market clubhouse complete with large Flat screen TVs, Xbox, pool table, modern lounging space, hot tub and leasing office. Nelson Brothers expects the city to approve an all-new residential clubhouse. ![]() Second, there is wide open space in the center of the site. Nelson Brothers believes many of these renovations were added following the prime leasing period and see a potential opportunity to raise rents, just with the existing infrastructure. Further optimize and benefit from the new renovations completed in 2015 and the continued growth in demand for student housing. As the closest private housing community to campus, Nelson Brothers feels the property has a sustainable advantage that can help keep the property well-occupied, in high demand and well-positioned to capitalize on continued enrollment growth at NAU.Īlso, due to the scarcity of develop-able near campus (there is a large cemetery between the North campus and Commons at Sawmill) Nelson Brothers believes the location allows us to potentially grow rents at a faster pace through planned renovations. Nelson Brothers believes the key to past and future stability of Commons at Sawmill can be tied to the property’s location less than a block from campus.
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