Property Details: 104 units, over 65,000 square feet
- Purchase in Winter 2017
- Within a few blocks of Bishop Ave and the new Whole Foods development
- Buildings currently 95% occupied. Renovation will be planned in 2018/2019.
- Pro-Forma Rental income will be increased from $693,000 annually to $1,840,000.
- Once fully leased post rehab, building will be operating at a 9.20% CAP based on original purchase price and rehab budget in place