Historical Overview:

‍This property faced challenging neighborhood circumstances and required a tremendous amount of on site support to change the tide. Due to the nature of the neighborhood, we worked with local law enforcement and community leaders to help aid the clean up of this neighborhood. These buildings will continually require active management efforts to not lose momentum and were a catalyst for the creation of our Umbrella Property Management security rollout.

Next Stages of Development:

• New exterior fencing with plantings for curb appeal.
• New and improved intelligent door access control with video calling for increased tenant security.
• A.i cameras to succinctly detail and create video timelines for each tenant and visitor. A.i technology will automatically flag events based on pre-determined conditions which can be live streamed with local law enforcement.
• Improved hallway cameras with heat signature detection in the event power is disconnected or damaged.
• Strobes and bullhorns for automated message delivery

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Financials: 

Property Type - Multi Family

Total Units - 16

Unit Mix - 16 three bedroom units

Purchase Price - $880,000

Renovation Expense - $550,000

Annual Rent Income - $259,200

Stabilized Value - $2,500,000

Projected 2025 Income - $288,000

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