Goose Hollow Apartments

Investment Overview

Rare opportunity to acquire three-building apartment complex in the highly desirable Goose Hollow Submarket. The subject buildings are located on one tax lot. The subject buildings are located on one tax lot and consist of one six-unit apartment building, one duplex, and one single-family residence. All nine units are 100% leased at under market rents, providing an investor an attractive opportunity to improve the rents. The property is zoned RM4 allowing for high density residential development, which makes this an attractive future redevelopment opportunity.

Investment Highlights

• $2,300,000
• 3.91% Proforma Cap (3.51% Actual)
• $277k per unit
• $301/ per square foot
• 9 Units 100% leased
• RM4 Zoning (High density residential)