Nearly half of the units have been partially/fully renovated. New owner can finish the renovation process & boost rents to market.
Attractive Loan Assumption
Investors may assume the loan at a sub 5% interest rate. This provides a much more desirable rate than what banks are currently offering in the market.
Newer Built Product
The property was built in the late 80’s making it slightly newer in comparison to some of the other nearby properties. A selection of the nearby complexes are 70’s built.