Location

EXECUTIVE SUMMARY:

Woodcreek Manor is a garden-style complex built in 1966 and consists of 10 buildings. It offers a great unit mix of 40, one-bedroom units with approximately 560 sq.ft. of living space, and 40 two-bedroom units with approximately 780 sq.ft. of living space. Notable for investors is the occupancy which is currently 100% and has maintained levels between 95-100% recently. One reason for that is the location, as well as minimal deferred maintenance at the property. Woodcreek Manor is outfitted with landlord-paid hot-water baseboard heating and separately metered electricity. The property is located blocks from Fort Street. Due to this exceptional location, it provides tenants with numerous retail, educational, recreational, and entertainment opportunities that are close to home. Woodcreek Manor has been well-maintained and this offering represents a turn-key investment for a multifamily investor.