At a glance
Date Acquired: 2014 Status: Realized Sale Date: 2020
Date Acquired: 2014 Status: Realized Sale Date: 2020
Summary
Acquired Ravenswood, Chicago condo unit via foreclosure sale listed on MLS. Rented at 7.5 GRM for several years, then rehabbed with new kitchen and refinished flooring. Sold for a profit with asset appreciating in value by 51%.
Acquired Ravenswood, Chicago condo unit via foreclosure sale listed on MLS. Rented at 7.5 GRM for several years, then rehabbed with new kitchen and refinished flooring. Sold for a profit with asset appreciating in value by 51%.
WHY ESRE
1Midwest Undervalued Markets
Targeting growing Midwest markets with favorable demographic trends and less competition but more favorable purchase multiples than other US Markets |
2Data Driven Strategy
Proprietary data science algorithm to forecast market rents and inform our target market and underwriting processes |
3Management & Operational Experience
Leverage proven experience managing and rehabbing multifamily properties to mitigate risks and scale operations |