615 Lakeview St

• Year 1 Scheduled Income $1,057,200
• Metal Roofs on Townhomes
• Upgraded Electricity
• Separately Metered for Electric
• History of High Occupancy
• Laundry On-Site

Property Description

100Units.com presents The Villas at College Park, a 5 parcel apartment community that includes 55 units. The property is situated on 2.56 acres and consists of 8 apartment buildings. All buildings with the exception of the townhomes are constructed of concrete block and pitched shingle roofing. The townhomes are of wood construction with metal roofing. The unit mix is 1 studio, 29 one bedroom one bath units, 21 two bedroom one bath units, two 2 bed 2 bath units and two 3 bedroom 2.5 bath units. Tenants are responsible for sewer, trash, and electricity. The landlord is responsible for water. The electric has been recently upgraded. The units feature central air conditioning with the exception of 3 units. Normal lender down payment requirements are 30-40%.