Kolumbia Gardens is located in the heart of Downtown Cloverdale. This 39Unit building was purchased for 6.88M and was previously a stratified complex. The initial intention was to renovate and sell off as individual condo units. As the market shifted, we adapted with it and changed the strategy to a buy and hold. The shift in strategy removed the potential for financial losses and instead produced a successful outcome with an after-repair value of 11.5M and a current average rent of $1,371.  Current Value is estimated at $13.5m. 

100%

FUNDED: 100%

STATUS: Completed

Purchase
$6.88M

After Repair Value
$11.50M

Net Gain
$2.5M

Property type: Multi-family

Building type: 4 Story Walk-up

Number of Units: 39

Investment Type: 

Projected Annual Return: 15-50%

Total Equity Required: $2.5M

Minimum Investment:

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