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Coral Gables Apartments

Class: C
Property Details: 1974 | Garden-Style | 28 Units
Locations: San Antonio, TX
Acquired Date: November 2013 
Sold Date: November 2016 

Initial Loan: $741,097
Rehab Budget: $100,000
Investment Period: 3 Years

Results For Our Investors

Equity Multiple

%

Total Return

Investment Summary

Coral Gables Apartments was a distressed property suffering deferred maintenance and in need of updating. REEP’s plan was to improve management and improve curb appeal by renovating units to include new tile or faux wood floor, and new countertops, and improve the common areasincreasing rent by 26%.

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