MULTIFAMILY PROPERTIES

• “Value Add” opportunities with upside in rents, in need of repositioning, curing deferred maintenance, improving inefficiencies in management, high vacancy, priced below replacement costs etc. 

• Focused on B & C Class properties in B or better high growth markets.

• 25-150 unit apartment buildings.

• Purchase price of $1 Million-$15 Million. Price Per Unit between $50K – $250K.

• 6% Cap Rate or higher on current building performance.

• Debt Service Coverage Ratio of 1.25 or higher.

• Cash on Cash Returns of 6% or higher.

• Built after 1980 preferred.

• Rents that average above $800 per unit preferred.

• Majority 2 Bedroom and townhome units preferred.