We acquired this 21-unit apartment building in June 2018, with typical rents well below market value.  The building was in poor condition and needed a substantial renovationWe pushed aggressively through the project, and it was completed ahead of schedule in March 2019.  The building has been transformed form an eyesore to a very desirable property, with average rents now at $1460 per month, with a current value estimated at $6.2 M. 

100%

FUNDED: 100%

STATUS: Completed

Purchase
$3.10M

After Repair Value
$5.60M

Net Gain
$1.00M

Property type: Multi-family

Building type: 3 Story Walk-Up

Number of Units: 21

Investment Type: 

Projected Annual Return: 15%

Total Equity Required: $1,150,552

Minimum Investment: $150,000

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