1710 N 24th St

​​Purchase Price: $100,000

Construction Cost: $519,000

Total Annual Rents: $72,000

Expense Ratio: 17%

Cap Rate: 7% 

Appraised Value on Completion: $840,000.00

 

Why This Project Was a Success:

 

Robust Rental Income: Generating $72,000 annually, this property has proven to be a reliable source of income, delivering consistent returns to our investors.

 

Attractive Cap Rate: With a cap rate of 7%, this project has exceeded expectations, providing a strong return on investment.

​

Efficient Cost Management: Maintaining an expense ratio of just 17% ensured that operational costs were minimized, maximizing net income.

​

Prime Location: Located in a vibrant neighborhood, the property has benefited from high demand, contributing to its success and potential for future appreciation.

 

Expert Management: Leveraging Lapstone Capital's extensive experience, we successfully managed and optimized this investment, ensuring its profitability and growth.​​This completed project not only highlights our commitment to delivering exceptional investment opportunities but also underscores the potential for future ventures.