CURRENT PROJECTS
43rd, Vancouver
Description
Light industrial project in Vancouver.​ 2 buildings w/ 13 units; 14,300 sq ft. Cap Rate 9.12% & 5.62%. Net Annual Rental Income $217,000 after property taxes, utilities and property management Fees
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Estimated Completion: Q4, 2023.
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Land $335,000
Construction $1,635,000
Total Cost $2,070,000
ARV $3,360,000
Saxon Heights, Spartanburg
Description: 2 Buildings, 4 Units, Remodel project in Spartanburg, SC.
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Exit Strategy: Hold
Estimated Completion: Q4, 2023.
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Burnside, Portland
Description
29 Unit Affordable housing building with modern finishes in Portland OR.
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Estimated Completion: Q4, 2023.
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Land $175,000
Construction $2,775,000
Total Cost $2,950,000
ARV $4,500,000
Pittman Drive, Greenville
Description: Land to split into 3 lots. Each lot will build 1,750 sq ft Homes.
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Exit Strategy: Sell
Estimated Completion: Q2, 2024.
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Land $70,000
Construction $780,000
Total Cost $850,000
ARV $1,290,000
88th Minnehaha - Vancouver
Description: Development of 36 compact Lots
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Exit Strategy: Sell
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Estimated Completion: Q4, 2024.
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Land $1,450,000
Permitting/Site Development $1,650,000
Total Cost $3,100,000
ARV $5,700,000
Mill Plain- Vancouver
Description: 42 Unit Apartment Building with 1000 sq ft. of commercial space.
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Exit Strategy: Sell
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Estimated Completion: Q4 2025
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Land $650,000
Construction $8,000,000
Total Cost $8,650,000
ARV $13,500,000
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La Bola, Washougal
Description
Land development project in
Washougal Washington - 7 Lots at 5,000 sq ft Each.
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Estimated Completion: Completed
Land $680,000
Construction $425,000
Total Cost $1,105,000
ARV $1,575,000
76th, Portland
Description: 6 Unit Building to be Condo converted. Each 2 bedroom 2.5 bath, 900 sq ft.
Exit Strategy: Sell
Estimated Completion: Q4, 2023.
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Land $500,000
Construction $980,000
Total Cost $1,480,000
ARV $2,000,000
5 Unit SW 61st, Portland
Description: 1 Building 5 Units to be condo converted. Each Unit 3 Bd. 2.5 bth. 1,100 sqft Each Unit.
Exit Strategy: Sell
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Estimated Completion: Q4, 2024.
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Land $440,000
Construction $1,000,000
Total Cost $1,440,000
ARV $1,995,000
Cecelia, Portland
Description: 1 Buildling, 4 Townhomes, 2 units 3 Bedroom & 2.5 Bath, other 2 units 2 bedroom 2 bath.
Exit Strategy: Sell
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Estimated Completion: Q2, 2024.
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Land $350,000
Construction $665,000
Total Cost $1,015,000
ARV $1,440,000
Kilpatrick, Portland
Description: 1 Buildling, 4 Townhomes, 2 units 3 Bedroom & 2.5 Bath, other 2 units 2 bedroom 2 bath.
Estimated Completion: Q4, 2024.
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Land $410,000
Construction $680,000
Total Cost $1,090,000
ARV $1,500,000
5 Unit 91st, Portland
Description: 1 Building 5 Units to be condo converted. Each Unit 3 Bd. 2.5 bth. 1,100 sqft Each Unit.
Exit Strategy: Sell
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Land $300,000
Construction $1,000,000
Total Cost $1,300,000
ARV $1,890,000
Cully, Portland
Description: 6 Unit Building to be Condo converted. Each Unit 2 Bedroom, 2.5 Bath. 900 sq ft. With common outdoor area for bbq and lounging.
Exit Strategy: Sell
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Estimated Completion: Q2, 2024.
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Land $450,000
Construction $815,000
Total Cost $1,265,000
ARV $1,890,000
Going St, Portland
Description: 16 Unit Cottage Cluster project. Each Unit on separate tax lot with onsite parking and common outdoor space. 8 home 2 bedroom 2.5 bath, 8 homes 3 bedroom, 2.5 bath.
Exit Strategy: Sell
Estimated Completion: Q1 2025
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Land $1,255,000
Construction $3,035,000
Total Cost $4,290,000
ARV $6,865,000
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1911 Broadway St, Vancouver
Description: 2 Buildings, 8 Units, to be condo converted. Each Unit 900 sqft 2 Bd. 2.5 Bth.
Exit Strategy: Sell
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Estimated Completion: Q1, 2025.
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Land $745,000
Construction $1,400,000
Total Cost $2,145,000
ARV $3,600,000