4066 Coco

Purchase Date: 8/15/2012

Total Units: 52

Purchase Price: $4,100,000/ $78, 846 per unit

Equity Raised: $1,650,000

Financing: 3.95% rate for 6 years, Opus Bank

Renovation Budget: $390,000/ $7,500 per unit

coco-after1

Capital Improvements: Exterior work includedroof repair, landscape renovation and extensive tree removal, fascia repair, renovated iron work, security cameras, foundation repair, extensive concrete removal in courtyard and refurnished to laundry area. Interior work comprised of complete or partial renovation of all units; including appliances, two-tone paint, ceiling fans, flooring, countertops, sinks, faucets, blinds, plumbing repairs 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 bath 2 bedroom, 2 bath 3 bedroom, 2 bath
Before CPF purchase $875 $1,200 $1,150
After CPF purchase $1,050 $1,250 $1,350
Occupancy: 96%

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

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