Jacksonville Portfolio II
June 21, 2022Windy Hill Manor
June 28, 2022
Basics
- Date added: Added 4 years ago
- Bedrooms: 3
- Bathrooms: 1
- Floors: 1
- Area: 80 sq ft
- Lot size: 100 sq ft
- Year built: 2003
Description
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Description:
This is a beautiful and well maintained 200-unit apartment built in 1973. It is located in Orlando, FL - the 2nd fastest growing city in the US. It is the 3rd largest City in Florida. It has enjoyed 99% occupancy in the past 2 years. The current in-place rent is $150 below comparable properties. The projected cash-on-cash return is 8.6%, IRR of 19.5% and Equity Multiple of 2.39 in 6 years. This property closed in June 2022.
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