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Investment Highlights
- High-impact value-add community for low- and moderate-income seniors (62+), one of only six affordable housing developments
- Prime location adjacent to key healthcare providers, including Concentra Medical Center located on the same block.
- Highly walkable neighborhood with convenient access to major shopping centers, dining, parks, outdoor recreation
- Thoughtfully designed unit mix tailored for active adults, featuring 40 studio/1-bath and 41 one-bedroom/1-bath floorplans, with an average unit size
- Robust amenities package includes a resort-style pool with sundeck, spa, recreation room with cable/satellite TV, outdoor social gathering spaces
- First Time on the Market - Sellers purchased this asset directly from the developer and have owned and meticulously operated the property ever since.
Property Facts
| Sale Type | Investment | Lot Size | 1.32 AC |
| No. Units | 81 | Building Size | 69,807 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1986 |
| Building Class | C | Parking Ratio | 0.82/1,000 SF |
| Zoning | R4 | ||
| Sale Type | Investment |
| No. Units | 81 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.32 AC |
| Building Size | 69,807 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pool
- Spa
- Gameroom
- Package Service
- Smoke Free
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 40 | $1,600 | 401 |
| 1+1 | 41 | $1,800 | 500 |
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Walk Score®
Very Walkable (78)
Property Taxes
| Parcel Number | 470-112-25 | Improvements Assessment | $2,990,310 |
| Land Assessment | $1,993,537 | Total Assessment | $4,983,847 |
Property Taxes
Parcel Number
470-112-25
Land Assessment
$1,993,537
Improvements Assessment
$2,990,310
Total Assessment
$4,983,847
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Guava Gardens | 5041 Guava Ave
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