David Jordan Apartments - Phase I presents an excellent investment opportunity featuring 40 income-producing units: 24 two-bedroom, one-bath apartments and 16 three-bedroom, one-bath apartments, 5 buildings, 8 units each. Renovations have brought the property up to current code standards, making it mostly suitable for Section 8 participation or private-market leasing. All units are currently rented at private-market rates. Each apartment features a spacious 6'10" × 34' covered front porch and was constructed to ADA-accessible specifications. Additional amenities include a playground, paved parking and a separate management office (666 SF)for an on-site manager. This fully occupied apartment community offers immediate income with professional on-site management capabilities. Currently paying On-site Manager, $450/week On-site maintenance, $600/week
Details
MLS #
4159781
Listing Type
For Sale
Style
House
Sub-Type
Resale
Status
Pending
Year
1999
Days On Site
15
Listing Provided By
Powers Properties | Pam Powers
Features
Bed(s)
96
Bath(s)
40 Total
SQ Feet
15,532
Story(s)
2
Units
40
Acreage
3.00
Water Front
None
Interior
Cooling
Central Air, Electric
Heating
Central, Natural Gas
Interior Features
Ceiling Fan(s)
Window Features
Blinds
Furnished
No
Appliances
Gas Range, Gas Water Heater, Refrigerator
Exterior
Exterior Features
See Remarks
Roof
Architectural Shingles
Security Features
None
Construction Materials
Brick Veneer
Foundation Details
Slab
Lot Features
City Lot, Level
Parking
Attached Garage Yes / No
No
Parking Features
On Site, Parking Lot, Paved
Location
Community Features
Playground
Utilities
Utilities
Cable Available, Natural Gas Connected, Sewer Connected, Water Connected, Fiber to the House
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