207 West Funderburg Road
Property Description
3CRE is excited to introduce a multifamily opportunity at 207 W Funderburg Road. Cedar Village Apartments is a well-maintained, 74-unit apartment community offering a diverse mix of living options, including studios, loft-style apartments, and two distinct one-bedroom/one-bath layouts. The property currently has 29 subsidized units and is fully occupied at 96%, demonstrating strong tenant demand. Significant capital improvements enhance both the functionality and curb appeal of the property, including a new roof and gutters installed five years ago, parking lot resurfaced four years ago, new exterior lighting added two years ago, sidewalk replaced last year, new baseboard heaters installed last year, washers and dryers replaced six months ago, AC units replaced two months ago, and new appliances installed last month. All units benefit from surface parking, ensuring convenience for all residents.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $6,000,000 |
| No. of Units: | 74 |
| Opportunity Zone: | No |
| Price per unit: | $81,081 |
| Property Website | Click Here |
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Brokers
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Remax Professionals
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Jared Ennis
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Rick Recckio
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Eamonn McConnell
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Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout