Nice investment opportunity with 16 units, ready to rent. The owners have investment energy and commitment into getting these apartments market ready. With each vacancy they replaced the flooring, did a whole apartment interior paint. When they initially purchased the properties, rents averaged $280-$320 per unit, per month. They hired White Glove property management to help turn the properties around. The owners are staunch supporters of providing quality, affordable, clean living accommodations. As the units vacated, flooring and paint was completed, rent increased to $525.00 per month. The owners commitment to quality of life is proven in their results which includes 99% occupancy. The owner, working with their property management team, has changed the name and the reputation of what is now called "The Park Apartments". With the higher rents, and so much updating being done, the P&L's will obviously look much stronger going forward. Call the listing agent to schedule a showing, Brenda Spencer-Ragland, 580-512-0591.
Listing courtesy of RE/MAX PROFESSIONALS.