Description
The property features a rare unit mix of eight 3-bedroom 2-bathroom and twelve 2-bedroom 1-bathroom units. Each unit is equipped with wall AC, gas wall furnace, refrigerator, freezer, electric oven/range, dishwasher, dual pane vinyl windows, exterior patio or balcony, and is individually metered for both gas and electricity. The property amenities include a pool, onsite digital laundry room, management office, 20 covered and 9 open parking spaces. The Palm Court is an ideal project for investors with a value-add strategy. Updated and turned 2-bedroom and 3-bedroom units, previously leased at the property, rent at premium of more than $535 and $640 respectively over the average for the non-renovated or turned units. Currently only 30% of the units have been turned or updated offering investors the opportunity to dramatically increase revenues and increase property value by continuing a property improvement program.
Location
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Listing Agent: Ethan Berger
Listing Office: NAI Northern California
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