STATUS UPDATE
- Occupancy and rental income are steadily increasing
- Studios On Fourth Website is being updated to streamline bookings
- We are ramping up our advertisements and posts on social media channels (Studios On Fourth Facebook Page)
- New internet will be installed beginning next week
- Property is listed for sale and has an offer for $2.3M. We have decided to pass on the offer because we believe we can increase the value to closer to $2.6M as we continue to stabilize the property
MONTHLY PROFIT AND LOSS SUMMARY
NEXT STEPS
- Refinance with long-term financing before 12/31/24
- Fix Internet
- Increase NOI
MCALLEN DAILY TRANSACTION AND OCCUPANCY RATE
