The property is located at 4801 Gus Eckert Road and consists of nine buildings, a leasing office, one laundry room, and a workshop, sitting on 8.9-acres. The property offers a strong unit mix of studios, 1- and 2-bedroom units across seven different floor plans, ranging from 402 to 1,156 square feet for a total of 167,964 sq. ft. of rentable space.
The asset was built in 1978 and is made of a concrete slab foundation, brick/Hardie exterior walls, pitched composite shingle roof (replaced in 2016), copper wiring, and PVC plumbing. Washer/dryer connections are available in 51 units.
The amenities include two resort-style swimming pools, an upgraded fitness center, on-site laundry, and barbecue and picnic areas. Per our previous ownership and tenant feedback, we have included in our business plan the addition of amenities such as a basketball court, a dog park or green area.