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Located just outside of downtown Wallace this property is nestled amongst large standing oaks providing a quiet, private neighborhood for all tenants. Originally constructed in 1972 to service the area’s growing population, this property has maintained stable occupancy and rental rates due to very little competition in the market.
Stratton Place Apartments consists of 14 units across two buildings with surface parking between. Excellent opportunity to increase rental rates and pass through expenses to increase return. Ownership is currently upgrading two vacant units and replacing with tenants from existing wait list.
Contact agent for CA and property tours. Do not disturb tenants.