Faris Residences – Largo

CAPITAL GOAL

$10,500,000

CAPITAL REMAINING

$0

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Investment Highlights

Units
104
City
Largo
Projected Average Annualized Returns
18.50%
Project Hold Period
5 yrs
Purchase Price
$17,500,000
Equity Multiple
1.93x
Renovation Budget
$1,800,000
Projected Sale Price
$31,300,00
Projected Profit
$10,000,000
Minimum Investment (USD)
$100,000
Acquired a well-maintained 104 unit Class B, Mid-1980’s built concrete block asset in Largo, TAMPA MSA. The plan is to Increase value by rebranding, upgrading exterior and interiors, improving amenities and improving operational excellence.

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18.5% projected annualized returns