Evergreen Place Apartments
36 Apartments community built 1997.
24 x 2 bed/1 bath & 12 x 1 bed/1 bath, all electric with washer & dryer connections.
Value-add project with 30% loss to lease.
Repositioning plan includes updating the apartments to increase rent and bill back for water, build dog park, picnic areas for the residents.
20 lot Mobile Home Park community, residents own homes, city utilities. Upside: lot rent pump, water billback. 4 more Lots, to Increas property value.
Townhouse style complex, built 1970s, 2 bedrooms 1.5 Bath two story homes. Each Townhouse is 1100sqf floor area with private courtyards. Repositioning Scope of work included: new Vinyl plank flooring, paint throughout, kitchen & bathroom hardware, light fittings, Granite countertops for kitchen, and resurface kitchen cabinetry, Fencing, new roof, branding, digital staging for marketing.
Multi-Family complex built 1980s, combination of 2 Bedrooms, 1 Bath And 3 bedrooms, 2 Bath. long term tenants in place. at time of acquisition had new roof and sidings. repositioning play includes rent increases, fixing deferred maintenance, landscape and fencing.
Sherwood Place Apartments
45 Apartments community built 1988.
2 bedrooms 1 bath, approximately 800sqf each, all electric with washer & dryer connections.
11 Fourplex buildings and 1 stand alone apartment on 3.5 Hectare lot.
Heavy value-add project with 25% vacancy and 35% loss to lease.
Repositioning plan includes updating the apartments to increase rent and occupancy, build dog park, picnic area and playground for residents.