| REMARKS |
| Property consists of 10 buildings, 2 story garden apartment community. 84 units on 3.8 acres. The unit mix consists of 4 one bedroom/one bath and 80 two bedroom/2 bath apartments. Utility is all electric. Owners pay trash and sewer. Paved parking areas, curbing, yard lighting. Each ground floor unit has patio, upper units have decks. Electric and water are separately metered individually controlled. New roofs on all 10 buildings. Great rental history, with several long-term tenants. Adjacent to the apartments a 96 unit storage facility containing 11,600 sq ft of rentable area, 40-5x10 rent for $20, 16-10x10 rent for $40, and 40-10x20 rent for $60 monthly. This property is managed by manager of the apartment complex. Assumable loan from Citibank has 6.15% interest rate. Call for assumption amount and fee. |
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| INCOME PROPERTY DESCRIPTION |
| Property Type: |
Multi-Family Apartment Building (S) |
| Location: |
CE3 -Christian East N/A - 12942 (Christian) CE3 -Christian East |
| Lot Size: |
3.800 () |
| Age: |
1995 (1995) 10+ to 15 years |
| Zoning: |
MF |
| Inside City: |
Yes |
| Floor Ins Req: |
Not Required |
| BUILDING INFORMATION |
| Building Description: |
Two Buildings,Four or More Build,Two Stories |
| Construction: |
Brick,Steel Siding,Vinyl Siding |
| Roof: |
Composition |
| Style: |
10+ to 15 years |
| Total Units: |
84 |
| Square Footage: |
74800 |
| Age Range: |
1995 |
| Total Bathrooms: |
(FULL: 0 / HALF: 0) Unit 2,Unit 3,One per Unit,Two per unit,Over 2 per unit |
| Unit Amenities: |
Central Laundry,Playground |
| Unit Appliance: |
Central Vacuum,Dishwasher,Oven/Range,Trash Compactor |
| Unit Heating: |
Forced Air,Control-Individual,Electric |
| Unit Cooling: |
Control/Individual,Electric |
| Misc. Description: |
Smoke Detector |
| UNIT SIZE |
| One Bedroom: |
8 |
| One Bedroom Sq Foot: |
501 to 800 sqft |
| One Bedroom Desc: |
Over $350 |
| |
|
| Two Bedroom: |
76 |
| Two Bedroom Sq Foot: |
751 to 1000 sqft |
| Two Bedroom Desc: |
Over $450 |
| |
|
| Parking: |
Paved Area |
| RENTAL INFORMATION |
| Deposit: |
Deposit Required |
| Monthly Rent: |
0 |
| Yearly Net Op Income: |
|
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OVERVIEW
