– Apartment Complex – BANK REO - This property has been foreclosed upon and the bank is seeking to sell the property. There are a total of 96 apartments that are currently rented. The property was built in 1972 and has 5.43 acres with six two story buildings. Two additional buildings on the property house a day care and a club house for residents. Additionally, the properly has a fenced pool and 161 parking spots. There are 72 two BR units with 919 sq ft and 24 three BR units with 1,204 sq ft. Rents are approximately $800-$900 for the two BR and $1,100-$1,200 for the three BR units. Loan amount was $2.2MM.
