MayFair

Multifamily Apartment Hold

MayFair

Renovation 16 unit apartment building from a distressed seller for $2,425,000
Renovation cost $288,000 in cosmetic updates to each unit, roof, carport and exterior appeal.
Scope Added 2 additional two-bedroom apartments, and fully renovated each unit, increasing rents by 60% over an 8 month period
Projected Net Profit $600,000