The seller purchased this property in 2022. Prior ownership had neglected the asset and made no reinvestments. Since acquisition, the current owner has invested approximately $378,00 in higher-than-normal maintenance costs and has required substantial capital improvements, including unit renovations, new appliances, updated flooring and carpeting, HVAC replacements, Roof and siding upgrades, and other enhancements. To date 15-17 of the 32 units have been renovated since 2022. This creates an opportunity for a new buyer to complete the remaining improvements and realize the property's full potential.
Listing courtesy of Listing Agent: Bruce A. Smenner (bruce@danberry.com) from Listing Office: The Danberry Co..
Selling Office: .