Portfolio OneNew Construction Multi-Unit Building
4 units, 20 bed 22 bath, 8,420 Sq Ft
Four - Three Story Units
A single-family home property was transformed into this 8,420 Sq Ft, 4-unit building. Each unit has 5 beds and 5 or 6 bath.
BEDROOM20
BATHROOM22
SIZE8,420 Sq Ft
Units 4
ABOUT PROJECT
This single family home was demolished and two brand new duplexes were built. Each of the four units has 5 bed and 5 or 6 bath. The kitchen has quartz countertops and new appliances. The bedrooms are all en-suite and have walk in closets.
Profits are split between the investor and company.
PURCHASE PRICE $1,020,000
CONSTRUCTION & HOLDING FEES$1,346,000
TOTAL INVESTMENT $2,366,000
VALUE AT COMPLETION $3,500,000
ADDED EQUITY$1,134,000
ESTIMATED ANNUAL RENT $270,960
EST NET OPERATING INCOME $207,960
CAP RATE 5.94%
