Multi Family Acquisition
Mary Jane Apartments
This is an acquisition with value add upside and complete remodeling of complex.
Details
30 units single story complex 1 and 2 bedroom units.
Project Info
This is an long term hold with complete remodelling of complex and restructuring of management.
Remodel with increased rental rates to market levels.
At acquisitions, 16 vacants out of 46 during the fall of 2020 to 100% full during 2022. Completing 16 remodels and complete exterior paint, roof and landscaping.
30 multi family units – total portfolio purchase of 46 units
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Client: Alpha One Holdings LLC
Completion: 2020
Project Type: Value Add Purchase