Evergreen Court
Apartments
Wenatchee, WA
A 30-unit value-add multifamily in Wenatchee, WA, acquired for $4.28M with a $5M appraisal. Six cottage-style units were converted to condos, and the remaining 24 units received upgrades and rent increases to boost revenue.
15,802 NSF
53% LTV
BUILT IN 1930
PERSONAL
GUARANTY
STRONG MKT
FUNDAMENTALS
LEVERAGING
OPERATIONAL
EXISTING MODEL
Gold Multifamily has acquired a newly built 24-unit apartment in the thriving rental market of Spokane Valley, WA. Leveraging its Gold Standard Operating Model, the company will optimize expenses, maximize occupancy, and enhance rental rates. Additionally, new income streams, such as covered parking, will be introduced to further boost returns.
929 NSF
57% LTV
BUILT IN 2023
PERSONAL
GUARANTY
STRONG MKT
FUNDAMENTALS
LEVERAGING
OPERATIONAL
EXISTING MODEL
30 UNITS
$143K PER UNIT
