Location
Executive Summary
Maple Ranch Apartments are located in Royal Oak, a friendly community, within walking distance of shopping, banks, parks, and a great school district. The complex was built in 1960 and has been well-maintained over the years with mature trees and landscaping. It contains 13 apartment homes: 12 one-bed / one-bath units each measuring 700 square feet, and 1 two-bed / one-bath unit measuring 1,250 square feet. All new windows and roofs were installed within the last 10 years, and electrical panels were also upgraded. This property has a large value-add opportunity by increasing the rents to market rents.