Flats on Felder

Investment Overview

Partners Realty is pleased to present For Sale, The Flats on Felder. The Flats are a 31-unit apartment complex located in the desirable Old Cloverdale Historic area. The Flats have seen many upgrades by the current owner including, exterior painting, parking lot resurfacing, updating of interior units, updated electrical, updated landscaping and replacement of HVAC and hot water heaters. After the past year and half of upgrades and improvements the property is now over 94% occupied and stabilized for a new owner. The property is located within walking distance of restaurants, bars, and shopping in Cloverdale.

Investment Highlights

• 31-unit multi-family
• 90% occupied
• Excellent location is historic Cloverdale
• Recent upgrades and improvements