Central Park Apartments

Investment Overview

The property consists of 158 units in 46 buildings; 18 studio units (384 square feet each), 98 one-bedroom/one-bath units (500 square feet each), 18 two-bedroom/one-bath units (625 square feet each), 13 three-bedroom/one-bath units (1,000 square feet each) and 11 three-bedroom/two-bath units (1,000 square feet each). Each recently renovated unit includes a refrigerator, range and over, garbage disposal, ceiling fans, vinyl and/or laminate flooring, heating, and a wall-mounted AC.

Investment Highlights

• 158 units across 46 buildings
• Renovated duplexes, triplexes & fourplexes
• Diverse mix: studio through three-bedroom
• In-place rents below current asking rents
• Infill location ~0.5 mi from Downtown & Old Town
• Minutes to St. Francis & Wesley medical centers