Tuesday, July 27, 2010

Price Reduced! Senior Apartment Complex - With Great Cash Flow! $2.4 million

The Albany Court Apartments are a 71-unit senior apartment complex with recent substantial renovations. Converted in 2008 from assisted living to senior apartment - kitchens were added to all units and all new electrical service was installed along with new cabinets, appliances,
carpet, flooring, and double-pane windows. Common area amenities
include a library, fireplace, reception desk, private dining area,
activity and exercise rooms, beauty salon/barbershop, chapel, garden
courtyards, administrative offices, and a commercial kitchen leased for
additional income. Estatimated net cash flow of over 11%. Fully fire
sprinkler protected. Price reduced $200,000 to $2.4 million. For additional information click here to download the marketing flyer.