Condemned to City Gem, Join Our Next BIG Multifamily Acquisition.

Written By Tejas Gosai

Deal Overview

The Lehigh Valley Private Equity Fund, LVPEFUND, is proud to announce the acquisition of the Ridge Apartments, located in Lansford, PA. The purchase features 6 residential and 2 commercial units. This 8-unit multi-family has all luxury upgrades including NEW hardwood flooring, NEW carpets, Fresh paint, all modern kitchens with custom cabinets & stainless steel appliance suite, custom countertops, high-end lighting fixtures, NEW PEX plumbing, Brand new electrical, ALL NEW WINDOWS, & updated ROOF. The Basement will be converted to individual storage units and coin-operated laundry for extra revenue. The purchase price used in this pro forma includes the rehab costs.

Within the first 45 - 60 days of acquisition, the fund plans to complete the remaining units, obtain a clear certificate of occupancy, and then stabilize with full occupancy. The property will be re-rented to new tenants at market rates. The fund projects these units will increase from a combined $7,200/mo to $10K+/mo. Fund projects that this property will go from a ~9% cap rate to ~16%.

Interested in co-owning this property with us? Schedule a 1:1 call with us to learn more.

 
 
Tejas Gosai
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