Patriot's Place

1118 Boundary Street, Conway, SC
64 Units

In October, 2017 we sold Patriots place, a 64 unit apartment complex located in Conway, South Carolina.  Strategic Holdings purchased the mortgage from U.S. Bank on November 6, 2013 for $616,000.  The borrower deeded the property to Strategic Holdings in February 2014 and we invested another $643,000 in capital improvements. This property was estimated to be valued at $2,050,000 but was sold for $2,200,000 resulting in a profit of $941,000. 
 Sales Price: $2,200,000
Acquisition Price: - $616,000
Costs: -$643,000
Profit: $941,000