Summary

The seller of the Rancho Real Apartments purchased the property in August of 2002.  The seller recounts the condition of the property in 2002 as “well-built, with the bones in excellent shape but had a lot of needed maintenance.  The building was structurally sound, it has copper plumbing throughout the building including the drains, but it needed upkeep.”

 The owner immediately went to work on the property; he replaced old aluminum windows with vinyl energy efficient windows, replaced the roof with a quality torch down roofing system, painted the building, upgraded the units with new Berber carpet and vinyl, and built completely new railings for the stairs on the front and back of the building.

 “I made sure to spend extra money on getting long boards for the railings, it cost more but it’s better structurally with less maintenance needed in the future.”  The seller’s philosophy has been to make the property “as good as possible” where it is “nice enough where I would live there.”

 Currently, the property is in excellent shape, with most tenants staying at the property for three to four years on average.  There is one family that has occupied their unit for seven years, which is a testament to the ownership and building quality.  The owner states the tenants keep the property clean and they have a pride of living at the property.