Description
Legacy Ridge is a three-story, 40-unit apartment community originally constructed in 2015 with most of the unit interiors renovated from 2022 to present. The property offers an attractive unit mix of (16) One Bedroom/One Bath units and (24) Two Bedroom/Two Bath units measuring approximately 580 square feet and 951 square feet respectively. To date, approximately 81% of the One Bed units and 91% of the Two Bed units have received interior renovations under the current ownership, at an average cost of $8K - $10K per unit. With over 87% of units renovated, modern in-unit amenities, and a unique tenant partnership with Planet Fitness, the property attracts quality residents and achieves premium rents. Investors benefit from strong in-place cash flow, operational efficiencies, and continued ups