Property Description

Rare opportunity to acquire a substantially improved 25-unit townhome-style apartment community near Easton Town Center. The property features a desirable mix of studio, 1-, 2- and 3-bedroom units, spacious layouts and private full basements. 21 of 24 units have recently been turned/renovated, providing a strong foundation for a new owner with additional upside.PROPERTY HIGHLIGHTS: New parking lot; newer roof (less than 10 years); new windows; central air; combination of baseboard and boiler heat; luxury vinyl plank flooring; updated kitchens, cabinets and appliances; updated bathrooms and fixtures; washer/dryer hookups; and professionally maintained grounds.CONDO CONVERSION: Property has been converted to a condominium structure, which may provide an opportunity for favorable property-tax treatment compared with traditional multifamily assessment, subject to applicable tax treatment and individual unit assessments. Buyers should verify tax implications with their advisors.PRIME LOCATION: Conveniently located near Easton Town Center, shopping, restaurants, parks, entertainment and major employment centers, with easy access to I-71 and I-270.SIGNIFICANT CAPITAL IMPROVEMENTS + UPSIDE: Much of the renovation work is already complete, offering investors an opportunity to acquire a substantially improved community with potential for continued leasing and operational upside. Financials, rent roll and additional information available to qualified buyers.**315 total units available**

Property Features

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