Description

Built in 1965, the property is situated on a 0.47 acre lot and has approximately 12, 778-rentable square feet. The property is a two-story garden-style building with a pitched composition roof. The common area provides the tenants with a privacy entrance/gate, two laundry rooms, covered and garage parking, and mature landscaping located throughout the property. The Kingsley Apartments are compromised of nine two-bedroom/one and one-half bathroom units and eight one-bedroom/one-bathroom units. Please note that one of the one-bedroom units is a non-conforming unit and is master-metered for all utilities. All other units are individually metered for gas and electricity. The owner pays for hot water. 14 of the 17 unit’s interiors are upgraded with new flooring. There is an existing loan in place at $1, 125, 000 fixed interest rate at 3.8% until 10/2017 & loan has to be assumed.