Location

EXECUTIVE SUMMARY:

The Hillcrest Apartments community boasts 60 spacious two-bedroom, one-bath apartment homes. The complex consists of 14 two-bedroom duplex homes each measuring 800 square feet, 44 units each measuring 1000 square feet and 2 units measuring 1300 square feet. Hillcrest was built in 1972 and has been well maintained over the years.

Currently Hillcrest is operating at 95% physical occupancy and for many years has maintained this level of performance. Perhaps even more impressive than this asset’s occupancy is the improved rents ownership is achieving on renewals and new leases. The most recent leases are nearly $200 higher than the property’s current average.The complex has maintained outstanding historical occupancy in recent years, requiring only minimal management oversight from ownership.