FOR SALE
Stratford Place Apartments were built in 1962 and have been well maintained
over the years. This community boasts 54 spacious apartment homes. The unit
mix consists of 32 one-bedroom, one-bath apartments, 12 two-bedroom, onebath
apartments, 8 two-bedroom, one-bath townhomes and 2 three-bedroom,
2 1/2 -bath townhomes.
The property provides significant value-add potential by continuing unit upgrades. All units have received ‘heavy-turns’ while over 20 units have been fully updated.. Renovated units are achieving higher rents than standard units. Even at this level the property is still under market rent.
PLEASE INQUIRE FOR THE OFFERING MEMORANDUM AND OPERATING DATA.