Location

EXECUTIVE SUMMARY:

BID DEADLINE: October 1, 2024

Discover the charm and convenience of Parkside & Waters Edge, a well-maintained complex built between 1971 and 1973. Located in a serene neighborhood, these garden-style apartments feature classic brick construction with distinctive mansard-pitched roofs, exuding a timeless appeal. The Apartments offer a mix of 5 one-bedroom units (566 sq. ft.) and 67 two-bedroom units (580 sq. ft.), making it an attractive option for various tenant demographics. Each unit is equipped with its own furnace and AC combo, ensuring personalized comfort year-round. The property has undergone significant capital improvements over the past 11 months, including extensive HVAC and electrical updates, revitalized common areas, and upgrades to approximately half of the units. The utility structure is tenant-paid electricity, while the landlord covers the costs of gas, heat, and water. Investors will appreciate the high number of two-bedroom units, which are typically in high demand.