Apex Commercial is a platform powered by technology. Our expert consultants specialize in identifying valuable commercial real estate opportunities for commercial partners and operators. As a platform driven by both relationships and technology, Apex Commercial efficiently connects commercial buyers with the most suitable assets that meet their needs.
At Apex Commercial, we understand that successful commercial real estate investment requires a delicate balance between strong relationships, cutting-edge technology, and a commitment to delivering stable returns to our esteemed investors. We firmly believe that by merging these key elements, we create a unique value proposition that sets us apart in the industry.
Our expertise in the real estate arena: Aquisition, Disposition, Operations and recapturing lose appreciation. Being a seasonal investor, one of our Passion is turning properties into thriving investments.
We have a 68-unit Multifamily Condominium asset that we have under contract in Fort. Lauderdale FL, that stay's historically 100% occupied.
* Purchase Price $9.5M
* Property Value today is $13,993M
* Seller is carrying 70% of the Purchase Price
* Budget for Cosmetic Capex Upgrade that will Bring Specific Units back to Classic Model $623,000.
* With a 5-Year Hold exiting Cap Rate 6.69%
* IRR 27.57%
* COC 11.89%
* ROI 25.67%
* In Place NOI $439,276/Year-2 NOI $719,586
* In Place Cap rate 4.69%
* Unit Mix are: 46-2BR/2BR|16-1BR/1.5BR|6-1BR/1BR
* The Asset has many Amenities along with a security gate entrance.
* There is a tremendous upside to Push rents to market expectations, that will immediately maximize the asset NOI for Year-1
* To Achieved this vision, we are looking for an Equity Partner with a $3.5M fund that will take this to the closing table.
The Game Plan going into the asset from day one. would be recapturing all lose appreciation that would reposition the asset forward growth.
current owners do not have a system in place for tenants to pay rents or request work orders online. so that will be a next value-add opportunity for the tenants to have the convenient
of making they're monthly payments online by adding property management software.
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