Mt. Pleasant is a 90-unit community on a wooded eight-acre hillside overlooking downtown Roanoke, surrounded by trees on three sides for real seclusion without losing access to major employers, the hospital, and the Blue Ridge Parkway. It was sourced off-market directly from the seller and was financed with an assumable loan that carried a 5.2% interest rate.
The property has been repositioned by re-opening the leasing office, adding onsite staff, securing grant funding for HVAC upgrades, improving curb appeal, and renovating units.
Tucker co-led this investment through Sweetbay Capital.
Roanoke, VA · 90 units · Acquired December 2023 · Value-add
