Plaza Estates Apartments

Real Estate Owned HIGHLIGHTS • Great opportunity to create equity growth through the purchase and renovation of this deep value add property with approximately 30% vacancy. It is our opinion that it will take an all cash offer to purchase this investment. • To be sold in its “As Is” condition. • Highly desirable unit mix of 41 one bed/one bath and 21 two bed/one bath units at approximately 600 and 750 SF respectively. • All units serviced by central forced air conditioning and wall mounted gas heaters. • Two 100-gallon gas hot water heaters (replaced within last 3-4 years). • Two extra large subterranean storage rooms. • Create an additional income stream by updating the two laundry rooms. • Directly across the street from Triangle Park which offers a nice community amenity with multiple play structures and a youth soccer field.