This offering includes 4115 and 4117 Pinecroft Dr., 12 units each, for a total price of $1,790,000, or may possibly be sold separately. The asset has been well-maintained, with new roofs and unit upgrades. The 24 units are all 1BR/1BA, and have enjoyed consistent occupancy and revenues, with low turnover or maintenance expense. One of the tenants works as the property manager, and ensures that the property is well-maintained, and inhabited with timely-paying tenants. Highlights include: > 24 1BR/1BA units > Stabilized property with efficient operation in place > Separately metered for LGE (LL pays some LGE, see rent roll) > Close proximity to I-65 and new industrial developments > Ample off street parking > Opportunity to increase rents as longer term tenants vacate
Listing courtesy of PRG Commercial Property Advisors. Selling Office: .