Investment Type
Multi-Family Residential
Year

2014 – current

Exterior Renovations
  • Modern Paint & Accents
  • Landscaping
Interior Renovations
  • Updated kitchens and bathrooms
  • New flooring & paint

Initial capital returned within 2 years.

Since purchase in early 2014, Golden Bee Properties has rehabbed and remodeled six of the 12 units, increasing the assets value by over 108%. Over the course of the past four years, the asset has been refinanced three times, taking advantage of a reduction in interest rates each time. The investors received all of their initial capital investment back within approximately two years.

The expected composite internal rate of return (IRR) as of March 2019 is 57.6%*.

*includes final distribution of capital upon an assumed sale in March 2019

50% of Units Renovated

108% increase in asset value

Building Facts

Building

2 Story

Rent Controlled

Built 1957

Units

10 – 1 Bedroom | 1 Bath

2 – 2 Bedroom | 1 Bath

Building SF

8,334

Parking

12 Off Street Spaces

Investment Details

Price

$1,060,000 – Purchase

$2,200,000 – Current Value

Price per Unit

$88,000 – Purchase

$183,000 – Current

GRM

9.96 – Purchase

XX – Current

Cap Rate

6.10% – Purchase

X.X% – Current

2

Return Capital Investment

108

Increased Asset Value

58

Current Internal Rate of Return