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PROJECTED RETURNS
14.9% average annual return with a stabilized IRR target of 20.44%.
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50 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.
KEY DEAL POINTS
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6%
TARGETED PREFERRED RETURN
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5.65
EQUITY MULITPLE
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20.4%
TARGETED IRR
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1%
ACQUISITION FEE