Listed by NAI Martens
$4,800,000
Renata View Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 40,350
Units 79
Occupancy 96%
Year Built 1980
Year Renovated 2023
Buildings 1
About This Property for Sale
Investment highlights
Completely renovated stabilized asset with upside. Property has the opportunity be operated by third-party management with minimal on-site employees
Over $2,000,000 invested in capital improvements over the last three years, including window replacements, electrical upgrades, exterior and landscaping improvements, and parking lot resurfacing. Units have been renovated with new flooring, countertops, kitchen cabinets, and fixtures; black appliances; and renovated bathrooms. In addition, the property includes on-site laundry facilities, storage spaces, and high ceilings.
Assumable 5.24% agency debt, fixed for 7 years, 30-year amortization and over 3 years remaining on interest-only period.
Listing Contacts
Listed by NAI Martens
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