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Railroad Rentals
Project Type
Multifamily/Recreation
Date
April 2022-present
Realty Services
Acquisition of 6 rental units on 3.55 acres facilitated by
Steven Swensen, REALTOR®
Equity Real Estate - Solid
Excavation Services
Provided survey, demolition, grading, retaining, and landscaping
Project Summary
Acquired 3.55 acres as a value add with development potential. Increased rents 45% the first year. Reinvested rental income for repairs and upgrades in years 2, 3, and 4 thereby increasing equity interest 398% over 4 years.
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