Iveywood Park

The property consists of an even mix of large two- and three-bedroom units. Each unit has in unit washer and dryer connections with property owned rentals available. Recent capital expenditures include a resurfaced parking lot, updated office and gazebo, and new gutters. With only 4 units having been renovated, this gives a good opportunity to capitalize on the proven $450+ rental increase from current rates. The property has already moved from $700 & $800 rent to $1,000 & $1,100 for lease renewals and $1,150 & $1,275 for renovated units. The units are in good condition, and the current property management company has stopped take applicants because they have a wait list of over 80 people. This is a growing market that is feeding off of the growth of the I-85 corridor.