Woodside Lane

The Woodside Lane Condominiums are being offered as 99 of 114 total units constructed in 1981 and have recently undergone numerous capital improvements totaling approximately $250,000. The property offers lots of charm and is comprised of six, two-story, garden style buildings and a single-story leasing office. The subject improvements totaling approximately 71,789 (725 Average) square feet of rental space are situated on approximately 3.516 acres of nicely landscaped and maintained rounds. The current zoning is Multifamily District 1 with a density of 32 units per acre. The Condo quality construction features wood frame, Masonite siding veneer, pitched-composition shingled roofs (new 2013), concrete slab foundations and a concrete driveway and parking area. The HVAC system is provided by way of individual ground-mounted units with individual metering. It should be noted that the owner is currently paying the electricity on 28 of the units but tapering off with new and renewed leases so this should provide some good upside since the property is 100% occupied with a waiting list. Two recently refurbished boilers supply domestic hot water. There are currently three full-time employees at the property, one manager/leasing agent and two maintenance personnel. Amenities include a professional leasing office, limited access gate, swimming pool, courtyard areas, washer/dryers and/or connections, modern kitchens featuring double stainless-steel sinks, dishwashers, disposals, electric ranges/ovens, frost-free refrigerators and microwave ovens, fireplaces (in select units), patios/balconies, cable ready and extra storage.