Magnolia Apartments is the best located asset for this submarket. The property is well located and is visible to those traveling along Henderson Avenue. The subject property offers an investor the opportunity to purchase a property in excellent condition with minimal deferred maintenance while increasing rents which are below market. The propertyâs exterior is attractive and compromised mainly of brick. Constructed in 1950 with a pier and beam foundation and pitched composite shingle roofs, units have hard wood flooring, countertops, fixtures and cabinets. Air conditioning is delivered via individual HVACS.
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