Closing Price: $2,100,000
The Santa Lucia Complex is a gorgeous 8 unit apartment complex that M. Maltase Real Estate sold to the owner five years ago.
Opportunities and Challenges:
The owner wanted to stabilize the property and improve rental values. So, M. Maltase Real Estate helped the owner to make upgrades, with the end result being that it cash flowed and became a turnkey property. Once the property was upgraded, the owner desired to cash out.
Michelle was able to find a buyer that paid full price, after M. Maltase Real Estate demonstrated the excellent condition of the property and potential in upside in rent to make the property a good investment for a long term hold. In the end, the buyer was incredibly happy to own such a gorgeous, well-positioned property.
Do you have a complex buying or selling situation? Michelle would love to assist you. Click here to contact her now!