Multifamily - 32 Unit 1985 Built Dallas

项目贡献者: Jay Wu

项目状态: 已经Closed,供大家学习参考。

Projected Return:

  • ARR: 24.51%

  • Average Cash-On-Cash: 7.04%

  • Equity Multiple: 2.2x

  • IRR: 18.98

Name: McNeil Star Apartment

Property Details: 32 unit, 1985 built, 3707 McNeil St Dallas TX

Highlights:

  • B Class Property in C+ Neighborhoods

  • Exclusive Off-Market Acquisition with no competition

  • Rents are significantly below market by an average of $313

  • Acquired at $62.5k per door, 35% lower than market

  • Value add Opportunity to implement RUBS, pet fees, and laundromat

  • Value Add Opportunities to turn 2 storage units to rental units to increase NOI

  • Stable Occupancy at 97% and Cash Flow from Day 1

Underwriting见如下视频