📍 6755 Mission Gorge Road
This is a 10 unit property located right by San Diego State University. We will purchase it on January 02, 2025, add 6 units and exit no later than January 2027.
Financials
- Purchase Price: $4,240,000
- Construction Cost: $500,000
- Exit Value: $7,150,000
- Total Raise: $2,500,000
Returns (Middle Case - 2 year hold):
- Investor Equity Multiple: 1.5X
- Investor IRR: 22%
Notes:
Around 50% of the raise is remaining, total of 30% of the GP equity will go to raising capital. Total GP profit will be around $350k
OPEN FOR INVESTMENT: