Built 1996

·          Total Units in Development:            248

·          Available for Purchase:                    158 (64%)

·          Offer Price:                                          $20,000,000(+) Fees | $126,000 per unit | $124 psf

All offers will be considered  (NOT A CAP RATE DEAL - Long Term Hold with Up Side Potential)

·          Studio, 1 & 2 bedrooms:                    Unit Matrix Available

·          Unit SqFt:                                              1Bd 775-887 | 2Bd 1,036-1,146 | 3 Bd 1,230-1,340  

·          Average Unit Size for Sale:             Total SF for Sale 161,086 or 1,020+ / - SqFt per unit

Income and Expense Info: Property is currently 100% rented and producing $0.87 PSF or $140,000+/- monthly. HOA is $0.21 or $34,000+/- monthly and Taxes currently $0.28 PSF or $45,000+/- monthly but should be able to re-negotiate given drop in value. Property cash flows positive $60,000+/- monthly minus management fees and marketing expenses.