Property Details: 53 units, newly renovated
- Purchase in Winter 2017
- Renovation completion date: Q1 2018
- Property Purchase for $62,000 per unit
- Once rehab complete, will be a prime Class A- asset in a Class A neighborhood
- Prime Oak Lawn, blocks from the toll road, Whole Foods, and Highland Park
- Pro-Forma Rental income will be increased over 160% from income at time of purchase.
- Once fully leased post rehab, building will be operating at a 6.30% CAP based on original purchase price and rehab budget in place.