Property Type:
Multi Family
Status:
Sold
Current Price:
$2,200,000
List Date:
1/08/2018
Last Modified:
10/07/2021
Description
Executive Estates Apartments is an apartment community built in 1971, 40 units - 4 Garden-Style buildings. 2 Buildings have 12 units each on one parcel, the other 2 buildings have 8 units each on their own parcel. This property has had extensive updates done to most of the units bringing the rent up from an average of $550/month to an average of $685/month. The last unit rented for $800/month. This is a turn-key investment. The current management company has a manager and a maintenance person on-site. Arrangements can be made to keep the management company in place and operate the property. Looking for a larger property to add to your portfolio? No problem. The sellers will work with investors looking to do a 1031 exchange.
Last Updated: October - 07 - 2021
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