Property Highlights
| Escalante Park Apartments were constructed in 1985 and consist of 122 units in 17 buildings on 6.75 acres. Attractive, low-density, two-story garden style with wood framing over slab, brick/siding exterior, pitched composition roofs and individual electric/HVAC/hot water. Water is metered per building (each 8 units) and is allocated to residents. The property is in excellent physical condition. The property was acquired as a turnaround by the current owners in July 2006 and has undergone extensive renovation to bring systems up to code, upgrade interiors & appliances, install landscaping & playground equipment, and rehab the office. New management was retained in April 2007, and has implemented aggressive tenant profile improvements to initiate transition from C Class property to B. Leaseup is now in-progress, and owners are initiating efforts to increase income/unit by converting additional units to special needs (two existing). |
Property Description
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