Property Detail

Description

Property Overview: Wabash Gardens is a 16- unit apartment complex on two lots (4 total parcels), with two 8 -unit buildings, each 2 -story walk-up, with slightly pitched rolled composition roof and slab foundations. The carport roofs are also rolled composition. Unit Mix: 16: 2 bed/ 1 bath approximate average 655 SF. Units: Each unit has gas wall heaters and wall A/C. Some kitchens have newer cabinets, granite counters, gas stoves/ovens and vinyl plank flooring, ceramic tile or sheet vinyl. Bathrooms have vinyl plank, ceramic tile or sheet vinyl flooring, newer vanity cabinets and sliding doors on the tub/shower. Living rooms and bedrooms are carpeted, vinyl plank, oak parquet or ceramic tile. Utilities: Individually metered for gas & electric. Owner pays for hot water, water/sewer & trash. Hot Water Heaters: Two 100-gallon hot water heaters, one for each building. 625 was replaced in 2016 and 627 was replaced in 2021. Parking: 28 spaces: 15 carports and 13 open spaces. No Soft story. Seller will carry a 1St Trust Deed, 6% Interest Only, 5 years, $2,000,000 down payment.