- Sale Price
- $1.94M
- Profit
- $940K
- IRR
- 228%
- Sold
- Jul 2022
Overview
A value-add renovation of an eight-unit multifamily property in Pompano Beach, FL. Purchased in March 2021 for $900K, improved with $100K of upgrades and sold in July 2022 for $1.94M.
Project Outcome
SoldPurchase
$900K
Sale Price
$1.94M
- Purchased
- Mar 2021
- Construction Cost
- $100K
- Sold
- Jul 2022
- Profit
- $940K
- IRR
- 228%
- Project Length
- 16 months
- Investors
- 2
- Units
- 8
- Size
- 7,000 sq ft
Investment Outcome
- Profit
- $940K
- IRR
- 228%
- Sale Price
- $1.94M
Total cost$1M
Sale price$1.94M
Purchase $900KConstruction $100KSale $1.94M
Purchased
Mar 2021
- 16 months
Sold
Jul 2022
Figures as reported in the Prime Equity portfolio. Past performance is not indicative of future results.
Gallery
Property Details
- Project Type
- Multifamily value-add
- Property
- 8-unit apartment property
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