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Applewood Village Apartments

56 Units in Fayetteville, NC

  • Closed at $1.93m in March 2018

  • Invested $200k into capital expenditures

  • Improved operating inefficiencies from a 70% expense ratio to 40%

  • Raised rents and increased occupancy

  • Refinanced within 6 months in August 2018 into longer term debt

  • New appraised value at $3.2m

  • Cash flow $9,000/month after debt service

  • Creative lending strategy led to minimal upfront investment of $80k

  • 135% annual Cash-on-Cash return and 1,250% ROI on equity appreciation