Renata View Apartments

Investment Overview

Completely renovated stabilized asset with upside. Property has the opportunity be operated by third-party management with minimal on-site employees Over $2,000,000 invested in capital improvements over the last three years, including window replacements, electrical upgrades, exterior and landscaping improvements, and parking lot resurfacing. Units have been renovated with new flooring, countertops, kitchen cabinets, and fixtures; black appliances; and renovated bathrooms. In addition, the property includes on-site laundry facilities, storage spaces, and high ceilings. Assumable 5.24% agency debt, fixed for 7 years, 30-year amortization and over 3 years remaining on interest-only period.