3712 – 3716 Carmona

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

3712-after

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
Occupancy:100%

Crawford Park Financial Inc. - NMLS ID 354251, Mark Crawford license # is: DRE#00676535

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