The Azul is a 33-unit apartment community built in 1992. 24 of the units have large 1bd/1ba layouts and the remaining 9 units are efficient studio layouts. The homes feature low maintenance granite counters in the kitchen and new vanities with quartz in the bathrooms. Some of the units include vinyl plank flooring, new lighting, baseboard trim and fresh interior paint. This opportunity offers an investor a healthy in-place cap rate and the new investor can continue upgrading flooring in units as units come available to further achieve rental premiums and value appreciation.
Current Location
