Courtesy of: Joe Mitchell, Winhill Advisors - Kirby, joe@winhilladvisorskirby.com
Courtesy of: Joe Mitchell, Winhill Advisors - Kirby, joe@winhilladvisorskirby.com
$1,350,000
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1 bed
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2.00 Bath (2 Full)
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Other
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$1,350,000
105 N Rockisland Street N Investing in a Stabilization Deal can significantly increase the value of your investment! This complex consists of 20 units, including 16 one-bedroom/one-bathroom units and 2 two-bedroom/one-bathroom units Exceptional Investment Opportunity: 20-Unit Apartment Complex Key Investment Highlights: ? Attractive Price: Acquire today for just $1.3 million! ? High Potential Value: Once stabilized, the property could be valued at $2, 250, 000 based on an income approach. ? Affordable Renovation: Budget $80, 000 for rehab and stabilization. ? With a conservative first-year proforma and only 50% occupancy, you could see an impressive 16.41% IRR in a 10 Years exit plan ? Proforma Available: Check our preliminary proforma for detailed financial insights.
Courtesy of: Joe Mitchell, Winhill Advisors - Kirby, joe@winhilladvisorskirby.com
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