Description
The thirty townhouse style units at Windy Oak Apartments are currently available for purchase. The units are a mix of one, two, and three bedrooms. Further unit details are available in the Offering Memorandum. The vast majority of units have been remodeled by current ownership. Rental rates for two- and three-bedroom units have been increases substantially year-over year with additional growth available. There is currently a waiting list for the units undergoing remodeling by potential tenants. 8.99% cap rate on in place rent roll and expected 2023 expenses. Vast majority of units renovated & capex completed. Final unit current being remodeled. Also See attached pdf files in supplements for details of completed remodeling and improvements. Offering Memorandum, current rent roll, recent inspections and multi-year financial analysis will be provided upon completion of confidentiality agreement (please see supplements). Please see Schedule A in supplements for all addresses included in this sale. Due to high occupancy of units and remodeling taking place in the three vacant units, showings will be conducted after an accepted offer prior to going under contract. Please make all offers contingent upon walk through. All offers to be accompanied by proof of funds. Do not use Dotloop or Docusign for submitting offer to listing agent(s). Please email offer and proof of funds to listing agent.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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18,000SQFT
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$94$/SQFT
School Ratings & Info
Listing information © 2023 YES-MLS.
Description
The thirty townhouse style units at Windy Oak Apartments are currently available for purchase. The units are a mix of one, two, and three bedrooms. Further unit details are available in the Offering Memorandum. The vast majority of units have been remodeled by current ownership. Rental rates for two- and three-bedroom units have been increases substantially year-over year with additional growth available. There is currently a waiting list for the units undergoing remodeling by potential tenants. 8.99% cap rate on in place rent roll and expected 2023 expenses. Vast majority of units renovated & capex completed. Final unit current being remodeled. Also See attached pdf files in supplements for details of completed remodeling and improvements. Offering Memorandum, current rent roll, recent inspections and multi-year financial analysis will be provided upon completion of confidentiality agreement (please see supplements). Please see Schedule A in supplements for all addresses included in this sale. Due to high occupancy of units and remodeling taking place in the three vacant units, showings will be conducted after an accepted offer prior to going under contract. Please make all offers contingent upon walk through. All offers to be accompanied by proof of funds. Do not use Dotloop or Docusign for submitting offer to listing agent(s). Please email offer and proof of funds to listing agent.
Listing information © 2023 YES-MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Jose Medina and Associates | Keller Williams Legacy Group Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2023-09-27T17:07:37.827.