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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