Listed by Bender Commercial
$2,100,000
River Ridge Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Units 60
Pro-Forma Cap Rate 7.25%
Pro-Forma NOI $152,332
Year Built 1972
Buildings 4
Stories 2
Acreage 0.810
Multifamily | 60 Units | $35,000/unit
Marketing description
Portfolio is comprised of four sites: one three-story, brick exterior senior housing facility and three townhome style apartments.
Senior housing property has boiler heat and wall AC.
Townhomes have central, in-unit washer/dryer, playground, and garages.
Townhomes are typically fully-occupied. Senior housing location has 13 units vacant.
Contact broker for financials, rent roll, and showing access.
Listing Contacts
Listed by Bender Commercial
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