Multi-family and single family rental units near downtown Wilmington.
We purchased 83 individual addresses consisting primarily of single family rental units, and a few multifamily units. The properties were held for several years, rents were raised, and then the properties were sold in bulk.
CoC Yield 16%
Equity Mltpl 2.75X
Gross profit on resale$1,400,000
Number years held2
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