Purchase Date: 6/27/2011
Total Units: 32
Purchase Price: $2,825,000/ $88,281 per unit
Equity Raised: $1,020,000
Financing: 3.9-4.0% rate for 8-10 years, Centerline/Union/FNMA
Renovation Budget: $192,000/$6,000 per unit
Capital Improvements:Exterior work included roof repair, landscape replacement, fascia repair, renovated iron work, extensive garage and window repair, electrical upgradeand installation of laundry rooms. Interior work comprised of complete or partial renovation of all units; including appliances, two-tone paint, ceiling fans, flooring,plumbing repair, blinds and lighting.
Energy Conservation Improvements include: outdoor and hallway LED light installation, low flow toilets and shower heads, upgraded water system for landscaping, upgraded laundry appliances.
|1 bedroom, 1 bathroom||2 bedroom, 1 bathroom|
|Before CPF purchase||$900||$900|
|After CPF purchase||$975||$1,250|
Crawford Park Financial Inc. - NMLS ID 354251, Mark Crawford license # is: DRE#006765352016 Copyright Crawford Park Financial. All rights reserved. I Sitemap