ABLE APARTMENTS | SPRINGFIELD, IL

The PCA was performed at the request of XYZ Companies, using methods and procedures consistent with good commercial and customary practice conforming to ASTM 2018-15 Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process and the Fannie Mae Multifamily Property Condition Assessment guidelines.

PROPERTY SUMMARY

The property consists of an approximately rectangular approximately 2.00 acres of land developed with nine single-story apartment buildings. The buildings were constructed circa 1950s and renovated in 1998. There is an additional 1.00 acres of vacant land adjacent north of the buildings. The buildings contain a total of 18 dwelling units comprised of two efficiency units, two one- bedroom/one-bathroom units, eight three-bedroom/one-bathroom units, and six three-bedroom/1.5-bathroom units. Total leasable square footage is approximate 14,383.

There are two points of access and egress north from Any Street. On the east side there is an asphalt-paved driveway which runs between buildings to a dead-end on the north end of the cul-de-sac. On the west side there is a driveway which runs between buildings to a dead end. There are 5 marked parking spaces at the office building at the entrance, 3 parking blocks at the cul-de-sac, 6 parking spaces at Building 13 and 17 parking spaces in a lot located on the north side of the property. Concrete sidewalks are provided for access to the dwelling units from the parking areas.

The property is located in a residential and commercial setting with a single- family neighborhood adjacent north, vacant land adjacent west, a television station adjacent south and a battery store adjacent east.

You can download a free sample of this Capital Needs Assessment report below.

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LocationAtlanta,GAYear2018PropertyAble ApartmentsServiceProject Capital Needs Assessment

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