Location

EXECUTIVE SUMMARY:

Riverwalk Apartments were built in 1971-1973 and consist of garden-style apartments constructed of brick with mansard-pitched roofs. The property contains a unit mix of five 600 sq.ft. one-bedroom units, and sixty-seven 700 sq.ft. two-bedroom units. Notable for investors is the large number of two-bedroom units, and all the units have their own furnace. The utility breakdown of this property includes tenant-paid electricity, and landlord-paid gas, heat, and hot and domestic water. The property has received significant capex improvements over the last 11-months including significant HVAC, electrical and common area improvements and approximately half the units’ receiving upgrades.