The Alexandar is a value-add investment with upside potential that TruAmerica plans to achieve by implementing unit interior renovations. The tight rental market and higher rent levels at newer and/or renovated communities in the competitive set lend support for a more robust interior renovation program at The Alexandar. TruAmerica’s renovation plan includes new cabinets or cabinet faces, stone countertops, stainless steel appliances, extended vinyl plank flooring throughout living areas, paneled doors, baseboard and/or crown molding, new window coverings, and updated plumbing and lighting hardware. Furthermore, TruAmerica will benefit from implementing in-unit washers and dryers in the 35 units not outfitted with the same. Common area upgrades include improvements to the leasing center, pool area, and fitness center.
The Alexandar is ideally located at the intersection of US 101 and Hwy 12, providing convenient access to anywhere within Santa Rosa, Sonoma County, and virtually the entire northern Bay Area. Shopping, dining and more at Coddington Mall are available to residents, just minutes away. Both Howarth Park and Annadel State Park are nearby, as is the stunning Russian River. Surrounded by everything, it’s easy to see why living at The Alexander is a natural attraction.
- Picnic areas
- Clubhouse with high-definition TV and fireplace
- Controlled, gated access
- On-site laundry facilities
- Fitness center
- Business center with printing and copy capabilities
- Heated swimming pool and hot tub