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Francisville, Philadelphia, PA Recently Funded Investment

Snapshot

Location
Francisville, Philadelpia, PA
Property Type
Triplex
Raise Amount
$175k
Minimum Investment
$20k
Capital Allocation
Equity + Financing
Target Total ROI
12-14%
Target Hold
3-5yr

Investment Overview

Gutted rehab triplex property in the booming Francisville/Fairmount area of Philadelphia. Each unit will be custom built with hardwood-tile floors and cabinets, stainless steel appliances, granite counters and a full tile bath. All units will have in-unit laundry. Unit 1 will have sole access to a huge 450 sqft. patio. All units 850+/-sqft 2br 1ba, all with common access to the basement with a dedicated storage unit for each unit. It meets or exceeds all city codes. Construction to be completed by May 2016. Includes 10-year Tax Abatement.

Investment interest includes an equity share and quarterly distribution based on percentage interest.

Investment Highlights

Location
Philadelphia, PA
Purchase Price
$550k
Minimum Investment
$7K
Total Raised
$175K
Financing
75% LTV, 30yr 5.5%
Target COC
8-10%
Target IRR
15-20%
Avg. Annualized Total ROI
25%
Exit Strategy
3-5yr Hold or Peak IRR