Among the factors Daneshrad cites that made the investmentappealing for his firm are the area's strong employment base, anaverage annual household income of more than $69,000 and mediansingle-family home prices hovering at $762,000. The three-levelcomplex, which consists of both one- and two-bedroom units, waspurchased from the original developer.
The property has not been upgraded since the originalconstruction, which was completed in 1985. StarPoint plans torenovate the entire complex, upgrading the exterior and all thecommon areas, as well as fully renovating the interiors of eachunit.
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