Courtesy of: Pam Powers, Powers Properties, pampowers@beinthesouth.com
Courtesy of: Pam Powers, Powers Properties, pampowers@beinthesouth.com
$1,000,000
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96 bed
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15,532 square feet
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40.00 Bath (40 Full)
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Lot: 3.00 Acres
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Other
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$1,000,000
1300 Roosevelt Avenue 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
Courtesy of: Pam Powers, Powers Properties, pampowers@beinthesouth.com
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