Acquisition Photos
This 3 family property is currently under agreement. This deal was sourced through out direct-to-seller marketing program at TheProHomebuyer.com. A very typical Worcester 3-decker, each unit here is over 1000 square feet with 3 beds. Location is key, and this property is just steps away from Union Station, CSX intermodal, The Canal District, and .25 miles from I-290 on-ramps.
Check out the investment page to find out how you can passively invest and earn money on this project!
Project KPIs
Acquisition and Project Basics
Project Type: Stabilize and Hold Long Term
Property Characteristics: 9 beds, 3 bath
Location: Grafton Street Area of Worcester
Acquisition Source: The Pro Homebuyer Sales Funnel
Construction/Improvement Timeline: 6 months to stabilize
High Level Financials
Acquisition Price: ~$550,000
Rehab & Carrying Costs: $95,000
Stabilized Value: $750,000
Value Created: Estimated at $100k in created equity when stabilized
Investment Metrics
Debt or Equity: Bank financing, seller financing, and investor cash infusion
Investor Returns: 8% preferred returns plus equity
