Hampton Place Apartments

• 48-unit, Built in 1970
• All 48 units recently renovated – Completed in January 2025
• Unit mix comprised of (4) one-bedroom units, (20) two-bedroom units, (20) three-bedroom units, and (4) four-bedroom units.
• Gross Building Area of approximately 44,452 square feet
• Average Unit Size of approximately 926 square feet
• Current Average Rent of approximately $832 per month
• Approximately 94% occupied
• Situated on approximately 3.40 acres
• All 7 Buildings received a new roof in the past year.
• All New HVAC Units.
• Renovations include new roofs, appliances, HVAC replacements, flooring, kitchens, bathrooms, interior paint, exterior paint, plumbing/electrical work as needed, and approximately 25% new windows. See CapEx report in the deal room for details.
• The property has an on-site laundry facility. The machines were installed in July 2024, and laundry income is paid quarterly.
• Low-density community layout with surface parking and direct pedestrian access to each residential building