Purchase Price: $985,00

Purchase was made in July 2015 for $985,000. GRM was 9.49, with gross rental income totaling approximately $104,000 annually. Three units were vacant upon purchase. Four tenants use Section 8 vouchers.

Three Vacant Units Upon Purchase

Since purchase, buyers have upgraded the interior courtyard landscaping, added a new laundry room, added new wooden fencing, and rehabbed three of the eight units.

Hyde Park 8 Unit Building Five 1BD/1BA & Three 2BD/1BA

As of 2016, the investors make $66,000 in annual net operating income (NOI) and valuation is projected to increase tremendously as many of the units are severely underpriced.

14.3% Return on Investment