20 Esquiline Rd. is a 2 story complex with a total of 12 units, all of which are townhouse style of apx. 1,028 SF each. All are 2 bedrooms and 1.5 baths. The property includes 3 buildings, each with 4 units and of same design.
The units all have large covered concrete patios which are approximately 5 X 20 (100 SF), and all back up to the greenbelt and pool area. Each unit has a two car attached carport and there are approximately 13 open parking spaces for guests. There is a non heated swimming pool on site.
In front of the units are located 4 X 10 storage closets. The access to these closets is from the exterior. Most of these units are two stories high on the interior, but some have been split into two levels and have access to a 10 X 4 storage area at the top of the stairs. Additionally, several of the units have washer and dryer hook-ups in the lower portion of the storage closets.
A rent survey confirms that a majority of the twelve units are rented substantially below current market rents. Current rents range from $1,900 to $2,150 per month, however the most recent re-rent (June ‘22) was leased at $2,595 per month. At this time it is believed each unit would be capable of achieving rents at or in excess of this most recent rental.