Portfolio TwoNew Construction Multi-Unit Building
4 units, 15 bed 15 bath, 7,029 Sq Ft
Four- Three Story Units
Each unit is 3 or 4 bed with 3 or 4 bath.
BEDROOM15
BATHROOM15
SIZE7,029 Sq Ft
Units 4
ABOUT NEW RESIDENTIAL PROJECT
This single family home was demolished and a brand new four family was built. Two of the units have access to roof top decks. All units have a washer and dryers. The kitchen has quartz countertops and new appliances.
Profits are split between the investor and company.
PURCHASE PRICE $930,000
CONSTRUCTION & HOLDING FEES$1,143,000
TOTAL INVESTMENT $2,073,000
VALUE AT COMPLETION $2,900,000
ADDED EQUITY$827,000
ESTIMATED ANNUAL RENT $222,000
EST NET OPERATING INCOME $180,000
CAP RATE 6.21%
