11:37 AM apartment complexes | ||||
Comment of the Day: The Shelf Life of Apartment Complexes | Swamplot I might add that in Montrose, there are several properties own/ran by In the loop that were built in the 60s that are super well maintained. They look nice from the outside (new paint, gorgeous landscaping, Class A I might say) and they command pretty good rents. I say this not to kiss ass (the owner hates me so no reason to), I say it because it s true. There are others in Montrose from that age that are well kept but I think theirs are the best example. And our stuff (admittedly, to a MUCH lesser degree as I have the design skills of a rock) is pretty well maintained and almost all of it was built in the 60s. So we re talking about 2 story garden style wood frame properties that are mostly 50 plus years old still alive and kicking, doing well, not going anywhere anytime soon. Heck, I have places from the 40s doing just fine. In fact, I just sold my place built in the 20s (!) and it s just fine. A nice triplex, updated, same floors from almost 100 years ago. Nuts
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