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Address: Apartment Villages 2900 Ravenswood Dr, Evansville, IN 47714
Number of Units: 56
Value Add Deal? Yes
Purchase Price: $3,975,000
Estimated monthly increase projected? $250+/unit
Anticipated value after value add: $5,950,000
Estimated Cash on Cash Return: 6%
Estimated Internal Rate of Return: 18%
Property was brought to me by another investor which I found through my networking. They failed to close. So I was being pulled in to help out.
We had local bank fund property. 7% Interests only for 24 month’s 25 yr term.
Syndication
506b So prior networking contacts and friends.
$1,500,000
Lock in Rates and also keep your eyes open for mortgage documents.
* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in Rod’s training and coaching. The participants shown are not paid for their stories.
If you hold interest in multifamily property investing, then we have numerous multi-family real estate investing courses for you under which we offer the best multifamily investing coaching. All you need to do is to enroll yourself in one or more programs and we will provide the best apartment investing coaching as we connect you with apartment investors network. So, what are you waiting for? Enroll today!
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+1-941-225-8477
As one of America’s top real estate professionals Rod mentors business leaders and entrepreneurs through world-class speaking events, books, and training courses online and around the world.
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242 S. Washington Blvd Suite 319
Sarasota, FL 34236
