Real Estate Owned
HIGHLIGHTS
• Great opportunity to create equity growth through the
purchase and renovation of this deep value add property
with approximately 30% vacancy. It is our opinion that it will
take an all cash offer to purchase this investment.
• To be sold in its “As Is” condition.
• Highly desirable unit mix of 41 one bed/one bath and 21
two bed/one bath units at approximately 600 and 750 SF
respectively.
• All units serviced by central forced air conditioning and wall
mounted gas heaters.
• Two 100-gallon gas hot water heaters (replaced within last
3-4 years).
• Two extra large subterranean storage rooms.
• Create an additional income stream by updating the two
laundry rooms.
• Directly across the street from Triangle Park which offers a
nice community amenity with multiple play structures and
a youth soccer field.