Over $100,000 worth of appliances, cabinets, doors, windows, hardware, lighting, window screens, doors, paint, plumbing, electrical, drywall, and flooring available for a new investor to continue renovating the units at the apartment community.
39. 2BR/1BA Units
10. 1BR/1BA Units
2. 0BR/1BA Units
96 Parking Spaces
VALUE-ADD OPPORTUNITY:
Immediate upside in finishing renovations, stabilizing occupancy, raising rents, and additional income line-item charges, such as RUBs, pet rental income, and storage income.
CAPITAL IMPROVEMENTS 50% OF UNIT INTERIORS:
• Flooring (ceramic tile, LVP, or carpet squares) • All Appliances • Cabinets and hardware • Doors, knobs, handles • Lighting & Ceiling Fans • Faucets, medicine cabinets, AC Units, vertical blinds • Electrical panels, switches, etc. • New Thermostats in each apartment unit (100% of units)
COMMUNITY FEATURES:
• On-site laundry facilities • On-site storage closets • Brick exteriors • New interior & exterior lighting • Fenced property line • 92+ parking spaces on site.
OCCUPANCY:
The property is 50% occupied with 4 fully renovated units that are now available on the market. The remaining units are being updated and are in various stages of completion. Contact broker’s to learn more.