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PROJECTED RETURNS
27.2% average annual return with a stabilized IRR target of 33.86%.
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32 UNITS
Large amount of units in a concentrated and highly desirable area.
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VALUE ADD
Business plan involves the rehab of 12 units per year for first 3 years to bring rents up considerably to market rent. Rent premium increase of $682 or 43%.
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AMENITIES
Unbeatable location with proximity to shopping, dining, and schools. Multiple laundry rooms and Well maintained playground & pool.
KEY DEAL POINTS
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6%
TARGETED PREFFERED RETURN
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2.33
EQUITY MULTIPLE
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33.86%
TARGETED IRR
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1%
ACQUISITION FEE