Timberlee Apartments REO AUCTION

Investment Overview

Timberlee Apartments is a 102 unit townhome style community with a desirable unit mix and large floor plans. Timberlee Apartments is currently 100% vacant, allowing an investor to easily execute their strategy for success. The buildings have been boarded up to preserve the strong bones that the property has. A majority of the units can achieve market rents through light renovation, while less than 10% are/need to be gutted.

Investment Highlights

• No tenants= no eviction headaches: the upside is clear
• Desirable unit mix with 80% 2+ bedrooms
• Quality underlying Asset: Hardwood floors, plastic plumbing observed, copper wiring, good panels