Innsbruck Apartments

  • IRR of 22.1%, 2.2 multiple to investors
  • Closed 11/2015
  • 30 units built in 1964; 31st unit added
  • Purchase price: $2,600,000
  • $900,000 capital improvement program
  • Freddie Mac fixed debt at 3.82%, 5 year term
  • Sold 12/27/2019 for $5,975,000