Elm Court
4-plex acquired for $700,000. Down payment of $105,000, 2.00% interest rate, with a LTV of 85%.
Scope of work includes $36,000 in improvements with a new HVAC system, automatic garage doors, roof improvements, and dishwasher install.
Current tenants remained, rents increased and remodels planned to occur as tenants chose to not resign a lease. Remodeled units will be furnished and used as mid-term rentals for traveling nurses and other professionals.