Kennedy Park

The Property:

Kennedy Park Apartments recently underwent significant upgrades, including a new roof, siding, and windows, positioning the new owner to add immediate value by bringing the existing below-market rents to market rates. Centrally located and rich in amenities, Kennedy Park offers residents easy access to lifestyle essentials and transit options.

Opportunities and Challenges:

Though the property is located in a flood zone, our brokers employed a targeted marketing approach to buyers prepared for the complexities of such an investment. The sale was part of the seller’s estate planning efforts, an increasingly common consideration for apartment investors when considering a transaction.

Results:

This strategic sale not only meets the buyer’s expansion goals but also promises substantial growth potential.