Receivership Sale, subject to Court Approval - June 25th, 2025
Sheridan Court Apartments is operating at 83.87% occupancy & 93.54% preleased. It boasts 17 studio apartment homes, each measuring 485 square feet, 69
one-bedroom and one-bath apartment homes, each measuring 715 square feet, 4 two-bedroom and one-bath apartment homes, each measuring 1,005 square feet, and 3
commercial spaces, each measuring 1,477 square feet. Sheridan Court was originally built in 1923, renovated in 2019. Sheridan Court has received substantial upgrades in 2024
including a new boiler, modern LED lighting, unit renovations, fire exit doors, and landscaping.
Wellesley Apartments is operating at 78.57% occupancy & 89.28% preleased. It boasts 15 studio apartment homes, each measuring 535-600 square feet, and 13 one-bedroom and one-bath apartment homes, measuring 750-770 square feet. Wellesley Apartments were built in 1919. Additional upgrades to the Wellesley include a new roof, newer boiler, and updated apartment unit renovations in 2024.