The Fourfold Condo Package at Legacy

This 10-unit individual condo package is being offered well below individual condo comparable sales, creating immediate equity. The portfolio features a desirable mix of 1-, 2-, and 3-bedroom units in a well-located community near major services and attractions. With a 7% in-place cap rate, light upgrades and needed rent increases position this asset for significant future cash flow.

A low-cost HOA makes ownership exceptionally easy and includes water, sewer, trash, snow removal, lawn care, parking lot maintenance, and exterior common areas, along with tenant amenities such as tennis courts, playground, fitness center, clubhouse, and multiple free laundry facilities. Most units also offer in-unit washer/dryer hookups.

The portfolio offers multiple exit strategies: hold for cash flow or sell units individually to owner-occupants at a premium. Located in the highly rated Center School District, this package benefits from strong and consistent tenant demand. A rare opportunity for a low-maintenance, flexible condo investment with built-in equity.

Why we love it: Equity and cash from day one. Hard to argue with cash flow with multiple exit strategies.

The Challenge: Scatted condos in a larger complex, not something everyone wants to own!

The Value-add Play: How often are you able to purchase 25% below comparable sales and have cash flow from day one? Although this works as buy and hold package with cash flow the highest and best exit is to sell off condos individually as tenants vacate to realize a 25%+ gain.