Summit at Keystone

Posted: 1/9/2020
455 Units
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About Summit at Keystone

Offers Due:  Friday, February 28, 2020 Add to Calendar

Summit at Keystone is located in one of the city’s most desirable 'Live Work Play' neighborhoods, the far northside. While originally constructed in the late ’60s, the property has been significantly renovated and has the look and feel of a much newer community. New exterior HardiePlank siding, all new windows and roofs, a new stand-alone fitness center and renovated clubhouse provide both excellent curb appeal and high-end amenities that rival new construction. Proving the ability to increase rents, 269 units have been upgraded and achieve monthly premiums of $95 - $225. The new owner can continue unit upgrades on the remaining 186 units and further increase revenue.

The property can be purchased FREE & CLEAR or existing Fannie Mae debt can assumed. Existing Fannie Mae debt offers attractive terms with a 4.6% interest rate, interest-only until March of 2022 and a loan maturity not until March of 2029.