Opportunistic Value

When the SSRE real estate team evaluated this property in 2019, they knew they found gold. With a purchase price of $6.2M, the valuation was significantly under comparable buildings in the surrounding area at $194k per door.  With a game plan to remodel the units, freshen up the landscaping, and enhance the building’s curb appeal, SSRE was confident in its ability to quickly drive value in a cost-effective way. After acquiring the property in October 2019, SSRE was able to swiftly execute this plan and flip it within just two years. The property was sold in October 2021 for $8.65M, earning SSRE a 157% ROI!