Location

EXECUTIVE SUMMARY:

Bid Deadline: October 19, 2021

Legacy Place is comprised of 108 two and three-bedroom apartments and four townhomes developed in 1968. It is part of a larger condominium complex consisting of 173 total units. Ownership has 65% of the complex. The 112 units offer a competitive unit mix of 91 two-bedroom/two-bathroom units (1,600 sq.ft.), 5 two-bedroom/two-bathroom plus den units (1,600 sq.ft.), 11 three-bedroom/two-bathroom units (1,870 sq.ft.), 4 massive four-bedroom/four-bathroom townhouses (3,425 sq.ft.) and 1 two-bedroom (1,315 sq.ft.) unit attached to the clubhouse. Perhaps one of the most compelling aspects of this asset is that the tenants pay for gas and electric throughout all 112 units. Water and common area gas/electric are paid through the HOA.