Purchase was made in November 2015 for $985,000. GRM was 8.88, with gross rental income totaling approximately $110,000 annually. Four of the eight tenants use Section 8 vouchers for rental payment.

Since purchase, buyers have added a new electric gate, gutted and rehabbed two of the units, remodeled two interior stairwells, and remodeled the laundry room.

As of 2015, the investors make $70,000 in annual net operating income (NOI) and valuation is projected to increase tremendously as many of the units are severely underpriced.