SOUTH MOCK & VISTA POINTE • ALBANY, GEORGIA
The Numbers
| Purchase Price: | $20,000,000 |
| Capital Improvements: | $1,253,000 |
| NOI: | $2,283,811 |
| Cap Rate: | 10.5% |
| Stabilized Value: | $32,270,000 |
| Equity: | $13,550,000 |
| Refinance Proceeds: | $2,970,000 |
| Cash Flow: | $647,742 |
492-unit, 2 Apartment Complexes, acquired in August 2019
