Streeter Apartments ready for occupancy
Michelle Juzyk to manage new 4- and 8-plex facilities
Two new apartment units are set to welcome tenants in the Streeter Subdivision in the next two weeks, addressing what is reported to be a critical need for rental housing in Aurora.
Jeff Juzyk announced his plans in March to build side-by-side 4-plex and 8-plex apartment units, which are now almost ready for occupancy at the intersection of Matson Street and Highlander Lane. The first tenants are scheduled to move into the 8-plex starting Oct. 1, while keys to the 4-plex will be available by Oct. 15.
Michelle Juzyk, Jeff’s sister, will serve as manager for what will be called Streeter Apartments, owned by HC (Hamilton County) LLC.
“People seem to be excited about it,” Juzyk said of the response she has received to date. “With new properties going up it’s a more economical way to build there than other options. This is a very exciting opportunity.”
With the finishing touches of construction now being added, Juzyk reported a strong level of interest in renting the apartments, though the 12 units are not yet all spoken for.
“I’ve had a lot of showings and there have been a lot of people calling with some level of interest,” she said. “We had one finished unit to show and I’ve had a lot of people like that finished look.”
Asked whether the prospective renters are typically from Aurora or out of town, Juzyk, who has been managing rental properties in town for several years, said she’s had interest from a little of both.
“I’ve heard from people who are young, still living with their families, who are just wanting to get out on their own and I’ve heard from some people who want to move to Aurora,” she said. “It’s a mix.”
As for the layout and features of the new apartments, Juzyk said they are all two-bedroom, one-bath units averaging about 892 sq. ft. with vinyl flooring throughout. Three units on the ground floor are slightly larger and meet ADA requirements with wider doors providing easier access. Inside, the apartments are all similar with an open concept living room/kitchen area inside the front door, offering an area where a table or bar stools could be put in. Then there are two bedrooms and a bathroom, with a small laundry built in behind the kitchen area. Two parking spaces are available for each apartment, though there are no garages on the property.
Each unit has its own electric and water meters, with wi-fi available unless the tenant wants to connect to fiber to the home, which has been installed under the buildings by Hamilton Telecommunications.
Rent is listed at $1,050 per month. Pets are allowed for an additional $65 per month, per pet, plus a nonrefundable $65 pet deposit.
“We still have openings and we’d be glad to hear from people,” she added. “I’m glad to do showings with no obligation.”
Grant fund impact
Jeff Juzyk shared in a March ANR interview that he is excited to be building apartments in the community, adding that he would not have been able to take on this project without the Aurora Housing Development Corporation’s role in accessing available grant funds.
“Essentially I am just an investor and my intention is to own these properties long-term,” he said. “I like the idea of being able to invest here locally because this is where my business has been and it’s where I’ve been since I was a kid growing up here. So yeah, to be able to do a deal here locally is great for me and hopefully it works out well for the community.”
While Juzyk Construction did some work on the two apartment complexes, Jordan McHargue was contracted to handle a majority of the construction.
Juzyk emphasized how crucial the AHDC was in his ability to say yes to the project.
“Essentially they are able to loan me a portion of the project cost at better than market rates,” he explained. “Otherwise, I never would have been able to make this project make sense if either I had to put 100 percent of my own cash into it or had to borrow part of the money at market rates, especially right now, just given the cost of construction and whatnot.”
As president of AHDC, Jannelle Seim said she too is excited to see the apartment units opening up and believes it is a good use of the Rural Workforce Housing funds.
“There are the first apartments since I think 1995 that have been built in our community and we’re just really excited that we had a local builder partner with us who wanted to take that risk,” she said. “I think that risk has paid off for everyone and it was just a really good use of the grant funds that we applied for and received. It’s a win-win all around.”
Seim reported recently that it’s been an active year on the local housing front.
“It’s either feast or famine,” Seim began. “When it comes to housing, it seems like right now we’re in a feast, which is really exciting.”
Seim recalled that in 2022 when the Streeter Subdivision was built out, there were 59 lots available. Since then, eight of those lots were sold to Messner Development, which built eight townhomes that are all now sold, leading to pending construction of four more townhomes. Nine additional lots were sold to Messner for a tax credit project, which resulted in 18 townhomes for residents 55 and older, all of which are now occupied.
“So all told of those 59 lots, we have 31 left,” she reported. “In two years, I think that’s pretty good. That’s better than we thought was going to happen and I think it’s kind of unique for a community our size. That’s 50 units. We put 50 units in our community in 24 months, which I think is pretty impressive.”