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Town Park Apartments

$ 3,250,000

7205 Pine Drive,
,

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Property Id : 29138
Price: $ 3,250,000
Property Lot Size: 2.92 ac
Year Built: 1970
Units: 71
PID: 002-999-307
Zoning: RM-1
Cap Rate: 7.66
Structure Type: Wood

About this property

This 1970’s built, 71 Unit, 4 building complex, spanning just under 3 acres, provided our client with an excellent value add opportunity. The complex recently underwent over $1.5M in capital upgrades, some of which includes new roofs, upgraded fire alarms, exterior paint, common area carpets and twelve new coin op laundry machines. A large majority of the units have been fully renovated as well.

 

Amenities and Features

Covered Parking
Surface Parking
Central Location
Shared Laundry
Storage Lockers

Map

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