NORTHWEST ALBANY APARTMENTS • ALBANY, GEORGIA
The Numbers
| Purchase Price: | $14,611,000 |
| Capital Improvements: | $1,017,500 |
| NOI: | $2,221,497 |
| Cap Rate: | 14% |
| Stabilized Value: | $30,640,000 |
| Equity: | $14,740,000 |
| Refinance Proceeds: | $5,548,000 |
| Cash Flow: | $760,000 |
407-units, 3 Apartment Complexes, acquired in December 2018
