Apartments, Southwest Region

Property Description

Located in the center of town in a quiet residential neighborhood. This Terrific 64 unit apartment community is located in one of the city’s finest single family home neighborhoods. The complex has a great unit mix and the rents are well below the market average. The current owners have completed a minor rehab and repositioned the complex for the new owners to take it to the next level. Because of the extremely low rents there is a tremendous upside in one of the state’s fastest growing cities.

Each unit is separately metered for electricity, has central heat and air, and separate 40 gallon water heaters in each unit. The complex has PITCHED roofs (not flat) that were replaced just 3 years ago. The landlord is responsible for tenants water and trash only. There is a spacious laundry room, ample parking, community pool, and a feeling of openness due to the large property.

The existing on-site manager is willing to stay on if the new owners prefer. This is a great opportunity to purchase a multi-family investment with a solid track record.

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