Apple Orchard Townhomes Portfolio, which consists of 2 buildings totaling 10 Townhome style units all with 3BR 1.5 BA floorplans. Capital improvements worth more than $100K over the past 18mos have significantly increased the asset value. Exterior enhancements include new roofs, siding and gutters on both buildings. landscaping, newly repaired and sealed parking lot, as well as new front/rear exterior entry doors. Interior enhancements include new water heaters in many units, and partial/full renos of units with upgrades such as new appliances, flooring, hardware, LED lighting and 2 tone paint. Since being acquired and professionally managed, the team has been able to add over 20K in GPI and have been able to attain a min of $875 for units with partial remodels and as high as 1K for units with full remodels. The continued execution of the redevelopment plan is scheduled to yield over $108K in GPI, SEE OFFERING MEMORANDUM & PROPOSED LENDING TERMS IN DOCS FROM CBRE/CAPSTONE.
Property Map
Please use the print button to include maps when printing.
For more information about 4555 Apple Orchard, Rockford, IL 61108 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by Berkshire Hathaway HomeServices Crosby Starck Real Estate
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.