Cross Keys Apartments consists of 46 1BR/1BA apartments. This is a value add property. Seller has priced the complex well below appraised value. Gross Rev in 2011 was $143,118. 2012 was $129,571. 2013 $98,272. Downward trend was a result of a lack of capital and poor management. 5 of the 10 roofs were replaced in 2010. Tenants pay electricity. Seller's records of expenses is not deemed to be reliable due to poor management and accounting. Estimate for expenses is $55,000-$60,000 per year.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
