WESTWIND APARTMENTS • ALBANY, GEORGIA
The Numbers
Purchase Price: | $5,350,000 |
Capital Improvements: | $1,500,000 |
NOI: | $804,694 |
Cap Rate: | 11.3% |
Stabilized Value: | $11,500,000 |
Equity: | $4,375,000 |
Refinance Proceeds: | $1,500,000 |
Cash Flow: | $217,032 |
200-unit Apartment Complex, acquired in April 2019
