Acquisition #49 – 18/29 Pack: 13658 Capitol: 13658 Capitol: From $700 to $1,250 Monthly Rent!
Investment Overview
13658 Capitol was acquired as part of the 29-property portfolio at a purchase price of $52,000, with capital improvements bringing the total basis to approximately $62,160.
The property was initially rented for $700 per month. Following acquisition, the team was able to increase rent to $1,250 per month, creating a strong income profile relative to its basis. With stabilization already achieved, the asset is projected to generate a yield above 14% during the first year, subject to any future tax increases.
