16-Unit Value-Add Multifamily Investment with Proven Upside
Multifamily
Marketing description
Primary Title: 16-Unit Value-Add Multifamily Investment with Proven Upside
Subtitle: Proven 50%+ Rent Increases on Renovated Units | 6.65% Pro Forma Cap Rate
DWIGHT 16-UNIT FINANCIAL PERFORMANCE
2025 ACTUALS (Annualized from Jan-Aug P&L)
Annual Rental Income: $162,607.50
Laundry Income: $5,583.00
Total Gross Income: $168,190.50
Operating Expenses: $140,555.12 (Excludes interest expense)
Net Operating Income (NOI): $27,635.38
Current Cap Rate: 1.84% (Reflects major remodel phase)
PRO FORMA (Stabilized Potential)
Potential Monthly Rent: $16,800.00
Potential Monthly Laundry: $600.00
Total Potential Gross (Annual): $208,800.00
Projected Operating Expenses: $79,344.00 (Est. 38% after stabilization)
Projected Net Operating Income: $129,456.00
Stabilized Cap Rate: 8.63% (At $1,499,000 price)
INVESTMENT HIGHLIGHTS & UPSIDE
Major 2025 Renovations: Over $66,000 was invested in 2025 specifically for high-end unit remodeling.
70% Completed: 11 of the 16 apartments are already finished; only 5 units remain to be remodeled to reach full potential.
Proof of Concept: Current rent projections are based on the successful premiums already achieved in the remodeled units.
Turn-Key Infrastructure: Building includes new coin-operated laundry machines installed in 2022 and updated common area flooring.
Investment highlights
Current Cap Rate: 1.84% (Reflects major remodel phase)
PRO FORMA (Stabilized Potential)
Potential Monthly Rent: $16,800.00
Potential Monthly Laundry: $600.00
Total Potential Gross (Annual): $208,800.00
Projected Operating Expenses: $79,344.00 (Est. 38% after stabilization)
Projected Net Operating Income: $129,456.00
Stabilized Cap Rate: 8.63% (At $1,499,000 price)
INVESTMENT HIGHLIGHTS & UPSIDE
Major 2025 Renovations: Over $66,000 was invested in 2025 specifically for high-end unit remodeling.
70% Completed: 11 of the 16 apartments are already finished; only 5 units remain to be remodeled to reach full potential.
Proof of Concept: Current rent projections are based on the successful premiums already achieved in the remodeled units.
Turn-Key Infrastructure: Building includes new coin-operated laundry machines installed in 2022 and updated common area flooring.
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