ASHLEY WOODS & WHISPERING WOODS • MACON, GEORGIA
The Numbers
| Purchase Price: | $12,750,000 |
| Capital Improvements: | $1,686,000 |
| NOI: | $1,319,089 |
| Cap Rate: | 8.9% |
| Stabilized Value: | $21,110,000 |
| Equity: | $6,270,000 |
| Refinance Proceeds: | $990,000 |
| Cash Flow: | $328,168 |
204-unit Apartment Complex, acquired in November 2019
