Photo 1 of 1
$3,600,000
Sold on 3/23/20
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 60 |
20.00 |
0 |
$801 |
2006 |
|
On the market:
108 days
|
View full details, photos, school info, and price history
60 unit apartment complex- all units are 1 bedroom/1 bath. 55 units are tile throughout, 5 have carpet in the bedroom and living room. Current rents are BELOW MARKET at $475 per month but new owner does not have to keep then below market after December 1, 2020. Market rent would be in the range of $750 per month. Complex is a 55+ age restricted community. ( 80% of the units need to be occupied by a resident who is 55 years of age or older) While not a requirement of a sale, price consideration will be given to interested parties who will agree to maintain below market rent. The property is in good repair and is 98% rented. Owner will consider offers that include owner financing. MULTIPLE OFFERS RECEIVED- PLEASE SUBMIT HIGHEST AND BEST OFFER BY JANUARY 22, 2019. Contact listing agent or have your agent contact listing agent for clarification.
Listing courtesy of Jason Lipsher & Jeannie Steidel, RE/MAX Realty Group & RE/MAX Realty Group