Waterside & Boutique Apartments offers a compelling multifamily investment comprised of two buildings situated on the same block and marketed as a single, cohesive property. The offering totals 67 units within a 39,307 square foot low-rise structure, delivering meaningful scale while maintaining a classic garden-style configuration, combining vintage character with a proven multifamily layout that continues to perform well within an urban residential setting.
Over time, the property has benefited from numerous renovations and capital improvements completed across different periods, reflecting ongoing ownership investment and thoughtful stewardship. These upgrades have enhanced both the physical condition and functional appeal of the buildings, positioning the asset to meet modern tenant expectations. This history of reinvestment reduces near-term capital exposure and provides a strong foundation for continued operational stability.
Zoned T5-R, the property offers valuable urban residential zoning that supports long-term strategic optionality. The two-building configuration allows for efficient operations, unit mix diversification, and a boutique residential feel that is increasingly attractive to renters. For a Multifamily / Low-Rise / Garden investor, Waterside & Boutique Apartments represents an opportunity to acquire a well-maintained, scale-efficient asset with a demonstrated capital improvement history and upside potential through continued optimization.