Oak Terrace Apartments is an 8-unit apartment property situated on a .21AC parcel and includes a mix of all 2 bedroom/1 bath units that average +-770 SF each. Over $375k in int. and ext. capital improvements completed. Four floor plans with slight variations within each encompass the eight total units. All unit interiors have been substantially renovated and include such upgrades as new kitchen cabinets, quartz countertops, stainless steel appliances, wood flooring, bath vanities, shower/tub surrounds, raised panel interior doors and new lighting throughout. Significant exterior improvements, incl. new stucco siding, vinyl windows, new handrails and entry doors & new paint. Over $4,900 in add. annual income from RUBS. In place rents average $2,392/month. Turn-key property perfect for 1031 exchange.
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