Cambridge Court features 60 one-bedroom efficiency units in five 12–unit buildings. The property was purchased with 20% equity and an 80%, 30-year, adjustable loan. A repositioning strategy was executed and the property performed well ever since. The property was sold in August 2016, providvalue has appreciated substantially since acquisition. This property was sold in November of 2016, providing a cumulative 18% average annual return to investors.
Average Cash: 18% annual rate
Number Of Units: 60 State: Alabama
Purchase Date: June 2007
Sold Date: August 2016