PROPERTIES FOR SALE

At a purchase price of $1,900,000, the Mary Cate Apartments offers an incoming investor the opportunity to achieve an above market return out of the gate, and finish renovating interiors to stabilize north of a 7% cash-on-cash return and 20% IRR. Mary Cate is just blocks from restaurants, shopping, grocers, and night life. Mary Cate consists of four ± 605-square foot one-bedroom/one-bathroom units and four ± 805-square foot two-bedroom/one bath units. Each unit benefits from spacious layouts, patios or balconies, common laundry onsite, and twelve onsite parking spaces. Additionally, six of the eight units already feature high-end renovations and a savvy investor can capture additional upside through upgrading the remaining two units.