Key Investment Insights
Key Insights:
1. Beautiful north side complex with a well-designed home and additional living space.
2. Easily run by one person, making it an ideal opportunity for a single manager.
3. 100% occupancy since new and a growing rental pool.
4. All written policies and procedures are in place, making it a walk-in, walk-out business.
5. Additional income from a small rent role outside the complex.
6. Reasonable multiplier of 4.9 for the MR income of $157,387.
7. GV complaint and friendly BC committee with no committee member living on site.
8. Current managers live off-site, allowing for the office to be separated and the home to be rented.
9. Managers unit valued at $599,000 with 3 bedrooms, 2 bathrooms, and 2 car spaces.
10. Complex type is permanent with a total of 65 units, 31 of which are in the letting pool.
11. Agreement term is 25 years with 21 years remaining.
Management Rights Multiplier: 5.14
ROI Estimate: 19.45%
