This community boasts twelve spacious one-bedroom and one-bath apartment homes, each measuring 700 square feet. Elmwood Apartments were built in 1974 and the exterior has recently been painted and renovated. Six out of twelve units have been remodeled with modern, luxury finishes.
Currently, Elmwood is operating at 100% physical occupancy and has maintained this level of performance for many years, requiring only minimal management oversight from ownership. Perhaps even more impressive than this asset’s occupancy are the improved rents ownership is achieving on renewals and new leases.