River Place Apartments
Acquisition Rehabilitation, 12 Apartment Units
Total SF: 10,000
Owner: K2 Land and Investment, LLC
Contractor: K2 Development Company, Inc.
Prime example of what an acquisition rehab should look like at this scale. Full interior, exterior and site rehab on a budget of less than 30k per unit. Apartments were acquired in non-habitable condition, project currently run 98% occupancy annually at target rents with low operating maintenance.
Special thanks to our partners, North Valley Catholic Social Services, City of Redding Redevelopment Agency, and Redding Electric Utilities
Similar Acquisition rehabilitation projects:
- Lakeview Terrace
- 475 Buckeye
- 610-616 Iris Drive
- Radio Lane Commercial.