69th Street and S Cliffe Ave.
8% cash on cash return Projected exit: 5-7 years yielding approx. 13% IRR
This project began in the Spring of 2014 and is currently in development. The project consists of 14, 4-Plex Multi-Family buildings for a total of 56 units. Each unit is 3 bedroom with 2 baths and a single garage. Phase I consisted of 4 building which were 100% leased prior to finish at the end of September 2014. Phase II was completed in spring 2015. The third and final phase is expected to be complete in fall of 2015. This project is located near 69th and Cliff Ave S.