Location

EXEUTIVE SUMARY:

This community boasts 40 units including 8 studios with approximately 400 square feet, 24 one-bedroom units with 600 square feet, 4 upgraded one-bedroom units with 700 square feet, and 4 two-bedroom units measuring 850 square feet. Lakeshore Apartments was built in 1955 and has been well-maintained over the years with mature trees and landscaping.

Currently Lakeshore is operating at 98% physical occupancy and has maintained this level of performance for many years. Perhaps even more impressive than this asset’s occupancy is the improved rents ownership is achieving on renewals and new leases. The property’s current rents are significantly below market.