ApartmentsDevelopment Management Elite Destinations|
Project Type:
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Acquisition / Substantial Rehabilitation
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Target Market:
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Multi-Family Rental Apartments -- (100% Low Income Housing Tax Credit)
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Project Narrative:
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Originally built in the 1960's the Rose Apartments consists of four 2 1/2 story walk-up apartments with twelve 2-bedroom units in each building. At the time of acquisition the property was in desperate need of repair and in serious threat of condenation. The rehab included complete replacement of the mechancial systems, windows, roofs, and replacement of all interior cabinets, doors, flooring, and fixtures.
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Services Provided:
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Property Acquisition
Project Administration Design / Construction Supervision Project Marketing Property Management |
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Project Data:
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Total Project Cost:
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$3,550,000
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Type of Unit:
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2 1 /2 - Story Walk-up Apartments
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Number of Units:
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48
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Number of Buildings:
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4
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Total Site Area:
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1.56 Acres
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Unit Information:
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Unit Type:
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2 Bedroom
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Number of Units:
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42
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Average Size:
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830 sq. ft.
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