This was TDI’s first deal.  It provided many learning opportunities that we refined and applied to future projects. This 16-unit apartment building was outdated, and rents (average $650/mo) were well below the market average. A full renovation was completed, and units were re-leased.  The improved property now commands much higher rents and currently averages $1,245 per unit.  Current market value is $3.4M. 

100%

FUNDED: 100%

STATUS: Completed

Purchase
$1.36M

After Repair Value
$2.70M

Net Gain
$1.00M

Property type: Multi-family

Building type: 3 Story Walk-Up

Number of Units: 16

Investment Type: 

Projected Annual Return: 25%

Total Equity Required:

Minimum Investment:

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