GEORGIA PLAINS APARTMENTS • MULTIPLE LOCATINS IN GEORGIA
The Numbers
| Purchase Price: | $9,600,000 |
| Capital Improvements: | $1,017,500 |
| NOI: | $2,800,000 |
| Cap Rate: | 11.7% |
| Stabilized Value: | $40,300,000 |
| Equity: | $16,200,000 |
| Proceeds: | $6,100,000 |
| Cash Flow: | $874,000 |
703-units, 5 Apartment Complexes, acquired in June 2018
