Hallmark Apartments
Multifamily
Marketing description
Long-Term Owner & Established Tenancy
Hallmark Apartments is a well-maintained 48-unit multifamily community located in the highly desirable Hikes Point submarket. Owned and professionally managed by the same long-term owner for many years, the property has consistently achieved strong occupancy levels and demonstrates a proven history of stable operations.
The asset has benefited from significant capital improvements, including the replacement of all roofs and windows in 2021. In addition, a majority of the apartment homes have received interior updates, enhancing both resident appeal and long-term value.
Hallmark Apartments features mostly 2BR apartments, allowing the property to achieve a more enhanced income potential. The community has coin-operated laundry, and the units could accommodate future washer/dryer hookups. The property is separately metered for gas and electric service helping minimize utility expense exposure and contributing to operational efficiency.
High Demand Location
Ideally situated in the sought-after Hikes Point area, the property offers residents convenient access to major retail destinations, employment centers, interstate highways, and a variety of everyday amenities. Its strong location, history of occupancy, and recent capital investments position Hallmark Apartments as an attractive opportunity for investors seeking a stable, well-performing multifamily asset with continued upside potential.
The information in this listing was obtained from sources deemed to be reliable. The broker does not warrant or represent any information provided.
Investment highlights
- 45 2BR and 3 1BR units
- Quality high-demand location/Historically high occupancy
- Upside potential in rents and RUBS implementation (water)
- Recent roof and window replacements
- Well maintained by long-term owner
- Coin-op laundry & potential for in-unit washer/dryer hookups
- Separate gas and electric meters
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