Purchase Date: 3/6/2012
Total Units: 55
Purchase Price: $3,918,000/ $71,236per unit
Equity Raised: $1,325,000
Financing: 4.10-4.25% rate for 7 years, Opus Bank
Renovation Budget: $550,000/$10,000 per unit
Capital Improvements: Exterior work included roof replacement, landscape replacement, fascia repair, renovated iron work, security cameras, deck replacement, substantial window repairs and addition of laundry rooms. Interior work comprised of complete or partial renovation of all units; including appliances, two-tone paint, ceiling fans, flooring, countertops, plumbing repairs, 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, 2 bathroom|
|Before CPF purchase||$840||1,050|
|After CPF purchase||$950||$1,250|
Crawford Park Financial Inc. - NMLS ID 354251, Mark Crawford license # is: DRE#006765352016 Copyright Crawford Park Financial. All rights reserved. I Sitemap