21d • General discussion
Another Closing! $10.4M Deal, $4.9M Raised.
The ROIClear team has closed another deal. Moving closer to the $10M threshold cited by in a recent video.
Highlights:
- Class B. Built in 1981.
- 56 units. 98% occupied.
- $10.4 million purchase price.
- Eligible for 100% Bonus Depreciation in 2025. Please see your CPA and/or tax advisor for details on anything related to taxes.
- Purchased from a “Mom & Pop” seller who owned the asset for 35 years.
- Purchase price = $186k/unit. Similar asset across the street sold for $300k/unit in 2022. So the basis is low.
- Partnership with the team at Asym Capital.
Special thanks to the members of this Capital Connectors community who always offer wisdom and encouragement, and to Marcin for launching the community!
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Another Closing! $10.4M Deal, $4.9M Raised.
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