AAOA Member Featured Investment Opportunities

Willimantic, CT Triplex

• SOLD!

Venice, CA Triplex

• $4,195,000
• 3 bedrooms, 2.5 bathrooms each
• Not subject to LA RSO or AB 1482
• 5.6% Cap Rate, 13.8 GRM

Huntsville, AL Condo

• $160,000
• New HVAC in 2019
• Currently rented to long term tenant
• Excellent location in hot market

New Life Gardens – Minneapolis

• $7,500,000
• Class A finishes, 27 units, 2 story
• 8-studios, 15-1 bed, 4-2 bed
• Completed Fall 2023

Lebanon, PA 32 Unit

• $2,900,000
• +5 commercial spaces
• $17,475 monthly gross revenue
• Substantial upside with occupancy and renovation
• Walk score of 91

Culver City, CA 13 Units

• $8,595,000 (REDUCED $100K!!))
• Value Add!   Rents 24% lower than market
• In-place Cap 4.2%, Pro Forma Cap 5.43%
• In-place GRM 16.4, Pro Forma GRM 13.4
• Built in 2017, not subject to LA RSO or AB 1482

Hayward, CA 5 Unit

• $1,625,000
• Each unit is 2 bedrooms, 1 bathroom
• On-site parking
• Great location connecting East Bay with the Peninsula and Silicon Valley

Asuza, CA 8 Unit

• $2,600,000
• (4) 2 bed/2 bath, (4) 4 bed, 2 bath
• Individual garage spaces, balconies, central AC
• 4.08% Cap Rate at current rent, 5.95% at market

Baldwin Park, CA Triplex

• $1,725,000
• 3/2 house, 2/2 house ,1/1 ADU
• Newly remodeled main, new construction additions
• New driveway, walkways, and landscaping
• Close to shopping, restaurants, schools

Koreatown/LA, CA 7 Unit

• $1,995,000
• (2) 2 bed, 1 bath, (5) 1 bed, 1 bath
• Subject to AB 1482 but not LA RSO
• Turnkey, built in 1982

Broad St. Twins – Hartford, CT

• Price Undisclosed
• 9 – 3 bedroom, 2 – 2 bedroom, 1 – 1 bedroom, office
• Frog Hollow neighborhood
• Fully remodeled

Hartford, CT 30 Unit

• $2,700,000
• Asylum Hill neighborhood
• Tenant paid electric, owner pays heat & water
• Hard wired alarm system, hardwood in 28/30 units

Towson, MD Renovated

• $699,000
• 2900 sq. ft., 4 bedrooms, 3 bathrooms
• Completed basement with in-law suite
• Access to completed attic from Primary Bedroom

Duplex – Bristol, CT

• $239,900
• Each unit 3 bedrooms, 1 bathroom
• Tenant-paid utilities
• Off-street parking

USC/LA, CA 6 Unit

• $2,195,000
• All units 2 bed, 1 bath (2 vacant)
• Rents are 51% under market
• 4.42 in place cap., 7.37% pro forma cap.
• 15.4 in-place GRM, 10.2 ProForma GRM

Suisun City, CA Waterfront

• $1,150,000
• Upstairs 2477 sq. ft. 3/2 unit apartment
• Downstairs 1638 sq. ft. commercial space
• Easy access to Napa, San Fran., and Sacramento

South-End Hartford, CT        14 Unit

• $1,235,000
• All units 1 bedroom, 1 bathroom
• New fire alarm, electrical system, video surveillance
• On-site parking

Bristol, CT 5 Unit

• $469,900
• Low maintenance, tenant paid utilities
• Value add opportunity with some upgrades
• 8.06% Cap Rate

14 Property Portfolio

• $6,500,000
• Riverside & San Bernardino Counties, CA
• $454,788/yr. rent, 6.02% CAP rate, 95% occ.
• Includes single family, duplex, triplex, vacant land

OFF MARKET LISTING!

Baltimore, MD 105 Unit Portfolio

• $7,935,000 – Partners wanted
• 6 properties within 5 minutes proximity
• Additional CapEx budget funded by lender
• Below market price/unit, 5-year hold

OFF MARKET LISTING!  

Princeton, TX

• $399,000
• Single Family  – 2655 sq. ft.
• 5 bedrooms, 3 bathrooms
• $2250/mo. current rent
• New roof & hot water tank

Minneapolis 52 unit + Retail

• Subject to Offer
• New construction, completion in December
• Mix of Studio to 2 bedroom units
• 18 indoor parking spaces, 52 bike spaces
• Near downtown areas, MSP, Mall of America

OFF MARKET LISTING!

Rogers Park, IL 22 Unit

• $4,995,000
• Off-street parking, electric gate
• 2 laundry rooms, walk to lake, large units
• NOI $327,000, 6.1% Cap Rate

Pearland, TX 3 acres

• $650,000
• 3 bedrooms, 2 bathrooms
• 2139 sq. ft.
• Corner lot
• No zoning restrictions, no HOA

New Britain, CT Triplex

• $325,000
• Updated units: 2/1.5, 1/1, 0/1
• Tenant-paid utilities, off-street parking
• 7.5% Cap Rate

The Grand Apartments – Hartford, CT 26 Unit

• $4,500,000
• 26 1/1 units, all renovated
• First floor tenant pays $9k monthly
• Modern flooring & lighting, large bedrooms

Middletown, CT 12 Unit + Retail

• $1,500,000
• Each unit is 1 bedroom, 1 bathroom
• Retail tenants: grocery store, Boost Mobile, Barber
• Value Add opportunity with remodel

Asylum Hill – Hartford, CT       68 Unit

• $7,000,000
• Mix of studios to 4 bedrooms
• 25+ units renovated
• Large fenced parking lot

Tempe, AZ Townhouse

• $285,000
• 2 bedrooms, 1.5 bathrooms, 1008 sq. ft.
• Spacious backyard patio, detached storage
• Tenant paying $1350/mo., 5.4% cash ROI