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Description
Current Cap: 5.05% | Year 1 Cap: 5.74% | Pro-Forma Cap: 6.1%. 3.25% Assumable loan with Chase Bank. 90% 2BR Units! Unit mix of (14) 2 BR/2BA, (4) 2 BR/1BA and (2) 1 BR/1BA. Across from Blackstone/ TrueAmerica’s VALLE, a 161 unit, institutionally owned apartment portfolio. 20 Unit gated apartment community with quick upside potential. Interior & exterior improvements made to all units. Landscaping upgrades in progress (low maintenance / low water XERISCAPE). Ample parking, On-site laundry. ADU potential. Please contact brokers for Offering Memorandum and details.
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Listing Agent: Corey McHenry
Listing Office: David Santistevan
Attribution contact: 619-994-8896 | 619-994-8896
