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Bid Dates: July 13th – July 15th

Starting Bid: $1

• Original Construction: 1985 – with nearly $500k in improvements made since 2022.
• 81 Total Units – all efficiency style floor plans.
• Convenient Location – set along I-40 and within 1.0mi of the I-40/I-55 Interchange.
• Pool onsite and large parking area with space for additional amenities.
• Compelling Basis Opportunity – providing the next owner with flexibility to make necessary improvements.
• Surrounding efficiency and small 1-bedroom average rents: $600
• Stabilized cap rate projection exceeds 25% returns.

*The subject property is currently closed and has suffered significant fire damage, as well as damage due to vandalism and vagrancy. *