Location

EXECUTIVE SUMMARY:

This community boasts a mix of 21 spacious two-bedroom, one-bath homes with approximately 982 square feet, and 9 spacious three-bedroom, two-bathroom units with approximately 1250 square feet. Villas of Charlemagne was built in1990 receiving many renovations through the years. The property has been well maintained with mature trees and landscaping.

Historically Villas of Charlemagne operates at 95% physical occupancy, but the current ownership has been renovating units, which has affected the occupancy level. Impressively, the current ownership has increased average rents from $889 per unit at the time of acquisition in 2022 to $1,211 per unit.