Increase Rent: Raise the monthly rent for the 10 1-bedroom units to $1,050 and the 3 studios to $800. This adjustment will contribute to the potential cap rate of ~9.8% within two years.

Enhance Property: Invest in property improvements to attract and retain tenants. This could include upgrading common areas, enhancing curb appeal, and improving unit amenities to justify the increased rental rates.

Efficient Management: Implement efficient property management practices to optimize operations, reduce expenses, and maximize income potential. This includes effective tenant screening, proactive maintenance, and prompt response to tenant concerns.