Autumn Chase Apartments
Largo, Florida
EXAMPLE
SOLD
Project Highlights
- Holding period of 4.5 years
- Repositioned from “C” to “B” 38% IRR in 4.5 years
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- IRR: 38%
- Purchase date: 2017
- Initially purchased 124 of 232 condo units
- Purchased the remaining 108 units and terminated the Home Owners Association
- Implemented interior and exterior renovation
- Expenses of egi before purchase: 59%
- Expenses of egi before sale: 42%
- Increased income during the holding period: 38%
- Increased rents: 52%
- Increased noi: 87%
- Sale date: 2021