Broadmoore - Exterior

235 James I Harrison Jr. Tuscaloosa, AL
353 units

Strategic Holdings purchased this property on December 4, 2014 for $4,850,000.  The property required approximately $6,500,000 in renovations to reach market occupancy and to cure all deferred maintenance. In 2017 after stabilization, the property appraised for  $12,875,000 with an estimated net operating income of $870,000 per year.


Appraised Value: $12,875,000
Acquisition Price: -$4,850,000
Costs: -$6,803,800
Estimated Profit: $1,221,200