Property # 6

• The property acquired is a 3-unit building with 10 total bedrooms between them. With 3-full apartments that can be rented out at a premium during the weekends and 10 total bedrooms that can be rented out during the week, we expect to see high occupancy and solid performance throughout the year.
  

• This property features special multi-use zoning which allows for short-term rentals. This is quite key in many cities, as it is part of the challenge in many markets to find a residential property in a good condition in the proper zoning.
  
  
• This property also features a parking lot for the guests behind the house, which is quite key as many guests arrive here by car.
  

• Although the neighborhood itself is a B- type, the location is less than 30 minute walk away from downtown; as well as minutes to restaurants and bars in the area. While it will not be a luxury, high-end property due to the location, it’ll still provide a strong return given the low purchase price.

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Category                                            Expenses 

Closing Costs                                       $10,155
Seller Credit                                          $7,750
Renovations                                          $36,780
Furnishing                                             $24,056
Pre-Launch Costs                                $8,220
Legal Costs                                          $4,906