Multi-family Investment Opportunity
"Enjoy Life Through Real Estate"
[email protected]
604-657-9909
- Great opportunity to reposition a 14 unit apartment building in the East Fraser Valley which is located in an area undergoing gentrification and renewal.
- Property is currently $100- $150 under rented per door and is being under-managed.
- The Vendor is very motivated and will consider a $100,000 VTB or more.
- We project that we will increase the property`s value by 50% over 5 years based on increasing revenues and lowering/stabilizing expenses.We are raising $550,000 for this acquisition and will consider up to four investors which would be $137,500 each.Cash investor return would be 11.25% per annum over 5 years or substantially higher if a secured LOC was used or a combination of cash and secured LOC.At our ceiling price the property would cost $72,500 per door.Ownership percentage would be 70% Investor(s) and 30% PeeverConn Properties
"Enjoy Life Through Real Estate"
[email protected]
604-657-9909