Is a 4.84 Acre property which has 96 units built, combined of 24 buildings of 4 units each, with a total of 95 2/1 BR and a studio.

Property was purchased on December 9, 2021, for 14.350M$ (including closing costs, renovation budget etc.). We have assumed the loan from the lender, for 9.75M$ at a 4.04% rate.

The property is located in Progresso Village, which is a gentrifying neighborhood.

After taking over the management of the property, we have replaced 75% of the tenants, and invested significate amounts in fixing and improving the property, whether in capital improvements, painting the buildings, re-modeling and more.

When we originally closed on the property, average rent was $1,217, and 70% of the tenants were delinquent.

Our current rent ranges from $1,500 to $1,650, and our average rent per unit $1,550.

From April 1st, our rent roll will be $150,000 a month vs. the initial rent roll $109,000, when we closed.