Location

PROPERTY:

Marshall Condo Apartments (21 Units) of a total (40 Units) is located at 455 W Marshall Road, walking distance to the downtown nightlife, with
great bars and restaurants. Marshall Condo Apartments were built in 1966 and consist of garden style apartments constructed of brick and vinyl
with a flat roof. The property contains a unit mix of eleven 805 ft.2 one-bedroom units and ten 960 ft.2 two–bedroom units. Notable for investors
is the excellent LOCATION and condition of this asset.
The utility breakdown of this property includes tenant-paid electricity, and the Home Owners Association (HOA) is responsible for the water and
heat. Each apartment has their own individual gas forced air furnace. The current owners control the homeowner’s association due to their majority interest. Monthly condo dues are $185 per unit which is effective June 1, 2018. The HOA plans to update all hallways in 2018 at a cost of $15,000.