Recent Transaction: Castle Heights Apartments
Updated: 7 days ago
Total Investment: $1,375,000
Net Operating Income "NOI": $130,000
Going-In Cap Rate: 9%
Projected NOI: $180,000
Projected Cap Rate: 13%
Strategy: SNC Group recently helped an investor from Florida purchase this 48 unit multifamily complex. We look forward to finding the investor more investment opportunities in the stable Midwest market. Investor plans to add value by increasing rent 10-15% and move 50% of units to Section 8 housing.