Summary
Crosby Park was constructed in two phases. Phase I was built in 1968 and Phase II in 1971. The units are very desirable as the construction style of the time afforded larger floor plans than what most new properties have available today. Crosby Park is extremely efficient allowing minimal distance from the units to most amenities. This asset has two full size swimming pools, two laundry centers and plenty of interior landscaping for its tenants to enjoy.
PROPERTY OVERVIEW
– 216 Units
– Purchase Price: $6.8MM
– Year of Construction: 1968, 1972
– Class C Property
BUSINESS PLAN
– Full interior renovations as units turn.
– Improve landscaping throughout the complex.
– Fix deferred maintenance from previous owner.