SW Buckeye, LLC
1618 SW Chelsea, Topeka, KS, 66604
Acquisition Date: Aug-2001
Sale Date: Mar-2005
Sale Price: U$ 2,501,395

Hillsdale Apartments consists of 93 apartmentunits among two-story residential buildings. The complex was constructed in 1978 and iscomprised of studio, one, two, and three bedroom floorplans.<br><br>Community amenities of the complex include high-speed internet and cable television equipped units, a pool, a clubhouse that includes the leasing office, business center, and community space. Package delivery lockers, a bike workshop, a dog park, community kitchen, and a dog wash are planned amenity additions after closing on this transaction.<br><br>The asset is in good condition with well-constructed buildings. However, the unit finishes are vintage and in need of an update in order to better realize market potential rents. We intend to renovate the units and increase the community amenity package which will result in higher rents equal to those of surrounding communities. However, even without renovation, this property provides an excellent cash return.


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