- Interior renovations include new luxury vinyl tile or carpet, two-tone paint, updated/replaced cabinets and counter tops, modern lighting fixtures, and replaced/ refurbished bathtubs.. - New ownership, based upon similar area rent comps, can raise rents by an average of $175 / unit. - The Luke has a fully renovated on-site office, re-striped or sealed parking, and three-tone exterior paint. - The portfolio provides a new owner with the opportunity to continue renovations and capitalize on the resilient rent growth of the Rio Grande Valley. - Similar to the Luke, The Monark has had over $645,000 on interior and exterior capital improvements. - Monark also offers walk-in closets along with upstairs balconies or downstairs patios
- Property Type
Multi-Family
- Total Building Size
229,095RSF
- Total Available
229,095RSF
- Last updated
Dec 15, 2023
- Property ID
2229890