Story Hill Apartments

Property Description

The property consists of eight, two-story apart- ment buildings as well as a leasing office, swim- ming pool, barbeque areas, and ample parking & open garden space. The property was built in 1970 with brick & wood construction. The aver- age unit size is approximately 555 square feet with 57 one bedroom, one bathroom units, 14 two bedroom units, and 51 efficiency units.

Tenant demographics are split evenly between Hispanic and Other. Of the 105 unit files with provided information, 58 are Hispanic, 32 are white, and 15 are African-American. Information is not available on the remaining 20 units.

Of the current residents, 19% have resided at Story Hill prior to 2012, and 57% are new ten- ants from 2015 or later. Annual turnover is pro- jected to be 38% as we increase rents, and many legacy tenants will opt to move out rather than renew their leases at market rates.

For more property related information