Covert Avenue Duplex
Indiana
- 2013 Purchase Date
- 2 # of Units
- 29% Cash on Cash%
The company purchased this property in 2009 at a steep discount well below market value. This duplex property is a class B asset The property was owned by an elderly lady who only used the property for her mother to live in, when her mother passed she decided to sell.
Mattingly Drive Properties
Kentucky
- 2007 Purchase Date
- 8 # of Units
- 25% (2008-2012) Cash on Cash%
The company; as one of its first projects purchased this block of properties in 2007 at a discount well below replacement cost and market value based on similar well managed properties. These duplex properties are a class B assets built in 1979 by a local builder who passed away in early 2000.
Hughes Apartments
Kentucky
- 2012 Purchase Date
- 16 # of Units
- 13% Cash on Cash%
Our company purchased this property in early 2012 from a local broker. The complex was in the middle of a rehab. We performed our due diligence on the area and property along with financial analysis and a deal was made with favorable terms.
