Villa Del Sol Apartments

Description:

Villa Del Sol is an eight unit, two-story apartment building. The opportunity to increase net income on this property is by allocating utilities back to the tenants. The water, trash, sewer, and gas is master metered. The new owner could reduce expenses by implementing RUBS program and allocating these expenses like some of the other properties in the area. The current owner also pays for electric. It is separately metered and the new owner could lower expenses by having tenants pay their own electric bills. Villa Del Sol Apartments is a good opportunity for an investor who’s willing to make a few minor changes to the property operations in order to increase NOI.

The opportunity to increase net income on this property is by allocating utilities back to the tenants. The water, trash, sewer, and gas is master metered. The new owner could reduce expenses by implementing RUBS program and allocating these expenses like some of the other properties in the area. The current owner also pays for electric. It is separately metered and the new owner could lower expenses by having tenants pay their own electric bills. Villa Del Sol Apartments is a good opportunity for an investor who's willing to make a few minor changes to the property operations in order to increase NOI.