Project Description
Location: East Front Street and Parade Street
Purchase Date: June 15, 2017
Purchase Price: $687,000
Renovation Budget: $0
New Assessed Value: $790,000
Property Taxes: Coming Soon!
Tenant Lease: $475-$850
The Project
Hoffman Development acquired 20 units on East Front Street and Parade in June of 2017. After negotiating with Mr. Freeman and Mr. Scully for six months, we finally got the deal to the finish line. This turned out to be a great acquisition. We acquired seven properties for $687,000 and it appraised at $790,000.
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