Winchester Commons is a 64 Unit, C class building in Huntsville, Alabama. The property was purchased at a discount to market based on its condition at the time of purchase. A repositioning strategy was executed and the property performed well thereafter. This property was sold in December of 2015, providing a cumulative 10%+ average annual return to investors.
Average Cash: 7% annual rate
Number Of Units: 64 State: Alabama
Purchase Date: June 2008
Sold Date: December 2015