Arbol Grande Current Multifamily Renovation Project Update! We closed on this Olympia 25-unit multi-family property in January, 2023, Arbol Grande Apartments. Since then, we have made significant progress on this project. DM us if you’re interested in investing in similar syndications or our soon to be launch of our Venture Multifamily Growth Fund 1! Most of our acquisitions at this point are 100+ unit projects. - Fully renovated & leased 9 units (2 bed, 2 bath, 1,040 sq. ft.) - Repaved the entire parking lot - New exterior paint - One newly renovated short-term rental with consistent bookings - Approved permits to convert leasing office into studio – means higher NOI Rehab tips: - First impressions are critical! The second a tenant lays eyes on the property should be taken into account. Down to their experience on the property to the very second they leave the property. What do they really see? - Have a contingency budget. Many unplanned surprises happen and it is best to have those costs accounted for beforehand. - Insurance rates are unfortunately rising. Plan accordingly. - Watch your vacancies for your Debt-Service Coverage Ratio. - Staying on schedule and on budget, takes consistent hands on day to day teamwork & involvement. We look forward to continuous progress toward the completion of this value-ad project! *Disclaimer: For accredited investors only. Performance shown are targeted returns and are not guaranteed. Target Net Total Return and Target Net Cash Yield are net of all fees. #venturerealestategroup #1031exchange #entrepreneur #entrepreneurship #teamventure #teamvreg #vreg #realestatemarket #investmentrealestate #pnwinvestmentrealestate #commercialrealestate #pnwrealestate #invest #develop #build
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