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All Case Studies

Multifamily

Las Palmitas Apartments

At a glance

TYPE
Garden
UNITS
77
YEAR BUILT
1980
EQUITY MULTIPLE
4.5x
CASH-ON-CASH
20%

OPPORTUNITY BREAKDOWN

Location: Arlington, TX Type: Garden Style Sold : Oct 2022 $9,000,000 Date Purchased : September 2017 for $3,000,000

180 Purchased this directly from the previous owner of 20 years.  A full exterior renovation was completed initially and 70% of the units were updated during the time of ownership.  A total investment of $400,000 was completed on this asset.  The property maintained a 95% average occupancy rate and produced 20% Cash on Cash Annually.