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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

Other Features
Central Location
Covered Parking
Shared Laundry
Storage Lockers
Surface Parking

Map

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

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Chris Hayne