Location

EXECUTIVE SUMMARY:

Flora Woods Apartments is located at 20899 & 20951 Flora Street, which is just south of Masonic and east of Little Mack. It is comprised of two garden-style buildings on a site containing 1.00 acre. They were built in 1988 and 2003 and are constructed of brick and vinyl with a hi-pitch (asphalt shingles) roofs. The roofs of both buildings have been recently replaced; they are about 2-3 years old. The property contains a unit mix of twenty 760 sq.ft. one-bedroom units. Each building has two 50-gallon hot water tanks. Each apartment has an individual forced air gas furnace and AC is vented through the wall. The tenants are responsible for their own gas and electric; landlord is responsible for the water. Notable for investors is the excellent LOCATION and condition of this asset.