Location

EXECUTIVE SUMMARY:

This complex boasts an attractive mix of all two-bedroom two-bathroom apartment
homes with 1,331 square feet. Steeple Chase Apartments is an 8-unit building that was a 2022 consruction. There is also an opportunity to purchase an additional 10 units that are under construction on the adjacent parcel to the north. Steeple Chase Apartments is operating at 100% physical occupancy. Perhaps even more impressive than the location of this assets, is the design and construction.

The property is operating at a stabilized level of operations; however, we are of the opinion it is operating below its true potential. Based on the demand for luxury apartments, we believe there is still room to grow the rents.