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Description

The property consists of 8 contiguous multi-family apartment buildings containing about 44,000 square feet of living space. The buildings were built about 1960 and are wood framed with brick veneer and all are 2 1/2 stories with gable roofs covered w/shingles. Property can be purchased with Partridge Hollow, a 54 unit complex, located about 1/2 mile from this property. All the units have stoves, refrigerators, air-conditioners, dishwashers, garbage disposals and about 41 units have microwave ovens. On-site parking for about 95 cars. 48 units (1 studio, 2 1br / 45 2br). The 1br units are about 650/sf and 2br units are about 750/sf. All the units are garden style with one bath. There also is a rental office. Each building has a brick fire wall separating each of them. Effective age estimated to be between 1994 and 2000 because of the ongoing maintenance, remodeling and renovations done over the years. All roofs were replaced +/-1994. The buildings have brick veneer exterior fascias with aluminum gutters and downspouts with poured concrete foundations. Windows are double hung thermo pane with screens. The apartments are considered to be in excellent condition with 41 of 48 units having renovated kitchens, i.e. new cabinets, dishwashers, tile floors, and recently added microwaves. All the bathrooms have been remodeled over time. appliances and carpeting replaced as needed. There are five washers / dryers that are owned by the complex. Lawn sprinkler system was installed in 1992. Parking lot was repaved in +/-2004. There is parking for about 95 cars. Storm sewer installed 2008 to separate sanitary from surface water. Building price details: $3,800,000.

Property Details

• Type: Multifamily
• Status: Available
• Year Built: 1960
• Buildings: 1

Exterior Features

• Parking: Yes
• Parking Spaces: 95
• Parking Type: Surface

Map Locations