Location

EXECUTIVE SUMMARY:

This complex boasts an attractive mix of 20 one bedroom apartment homes with 660 square feet, 40 two bedroom apartment homes with 879 square feet, 26 two bedroom townhomes apartment with 926 square feet, and 14 three bedroom townhome apartments with 1,013 square feet. Vista Villa Apartments was built in 1994. Currently Vista Villa Apartments is operating at 96% physical occupancy. The property is operating at a stabilized level of operations; however, we are of the opinion it is operating below its true potential. There is a tremendous amount of upside starting February 1, 2025. At that time, 30 of the units will have restrictions changed from 30% & 45% of AMI to 60% of AMI.