Description
The Carrington is a stabilized asset which is close to full occupancy. The property features three all brick, two-story buildings with eight one bedroom units in each. The current ownership continues to achieve higher quarter over quarter rent levels. Although the property is well maintained, the opportunity to add value through capital upgrades is significant, as well as improvement in rent levels due to a marketwide lack of affordable housing. Excellent upside due to value-add opportunities. BELOW MARKET RENTS.
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0BEDS
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1.5ACRES
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5BATHS
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01/2 BATHS
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14,640SQFT
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$120$/SQFT
School Information
Description
The Carrington is a stabilized asset which is close to full occupancy. The property features three all brick, two-story buildings with eight one bedroom units in each. The current ownership continues to achieve higher quarter over quarter rent levels. Although the property is well maintained, the opportunity to add value through capital upgrades is significant, as well as improvement in rent levels due to a marketwide lack of affordable housing. Excellent upside due to value-add opportunities. BELOW MARKET RENTS.
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