66 unit cinci | $2.9M

Unit mix
39 1 BR -$600/month
6 efficiencies – $475/month
21 2 BR -$700-750/month

Rents can be increased on the next turn this was priced at a discount to quickly stabilize the building. the property was purchase 9 months ago nearly vacant and is now 95% occupied. the financials show a net loss due to the amount of CAPEX injected in the building in order to stabilize the asset. Property management will stay in place at 8%