AAOA Member Featured Investment Opportunities

Cary, IL 105 Unit

• Subject to Offer
• Assumable HUD-insured mortgage
• Most units fully renovated
• 5.372 Acres of land

Venice, CA Triplex

• $3,995,000  ($200K reduction)
• 3 bedrooms, 2.5 bathrooms each
• Not subject to LA RSO or AB 1482
• 5.72% Cap Rate, 13.6 GRM

USC/LA, CA 6 Unit

• $1,695,000  ($500K reduction!!!)
• 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

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

• $8,295,000 (REDUCED $400K!!))
• 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

West End Hartford, CT 25 Unit

• $2,350,000
• 5 commercial spaces with long-term tenants
• Class C, built in 1920
• New hot water system in April ’23

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

Asylum Hill – Hartford, CT       68 Unit

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

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

Chicago, IL 12 Unit

• $1,682,019
• (6) 2/1, (6) 1/1
• Effective Annual Income $157,840
• New boiler, windows, back porch system

Pasadena, CA 20 Unit

• $6,350,000
• (16) 1/1, (3) 2/2, (1) 3/2
• Opportunity for 22% rental growth
• 4.51% Cap Rate, 6.01% at market rent

Cocoa, FL Mobile Home Park

• $10,000,000
• 92 units, 92 tenants!
• Owner Financing: 3% Interest Rate, 50% LTV, 5 Year Term
• Public Water & Sewer, Billed Back

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

Hobart, IN Duplex

• $235,000
• Both units rented on month-to-month
• Basement with 2 entries, potential 3rd unit
• Multiple renovations

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

• SOLD!!!

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