Project Info
Project Description
This property is located near Miami International Airport, and is providing a 6% return immediately after closing. The plan is to raise rents to current market levels, rehab various units that require updates, and stabilize the property to provide a higher return that will exceed 12%. This is a great example of a “value add” deal, where an underperforming property is purchased at a discount, and then stabilized, in order to increase value and returns signficantly.
