Lofts at Chason Park

• 21 Units | Built in 2023
• Unit Mix Comprised of One-Bedroom, One-Bathroom and Two-Bedroom, Two-Bathroom Floor Plans with Each Offering One or Two Terraces
• Gross Building Area of ±23,476 Square Feet
• Average Unit Size of ±1,118 Square Feet
• 100% Occupied
• Current Average Rent of Approximately $2,033 per Unit | Market Rent: $2,295
• Situated on Approximately ±0.56 Acres
• The Current Manager Agrees to Continue Managing the Property for 1k/Month
• Exclusive Mid-Rise Loft Building.
• Electrical Wiring: Copper
• Premium Amenity Package: Features a Rooftop Terrace and a Landscaped Courtyard with a Gas Fire Pit and Dual Gas Grills, all Situated Immediately Adjacent to Chason Park
• The Property is Fully Electric Besides the Gas Fire Pit and Grills
• Plumbing Material: Mix of Pvc & Pex
• Appliances: Furnished Appliances Include Stainless Steel Appliances, Refrigerators, Dish Washers and Most Units are Furnished with Washer/Dryers Units
• There are No Section 8 Tenants
• All Units Have Central Hvac
• All Units Have Washer/Dryer Connections
• Convenient Surface Parking Located Adjacent to The Lofts
• Tax Abatement: The city awarded a tax abatement structure that provides 100% property tax relief through January 1, 2029. Starting in 2029, property taxes will phase in at an increase of 20% annually over five years until reaching full assessment in 2034.