Repositioning Case Study #6

Mulberry Park Apartments
Taylorsville, UT

Property
Vintage 1991
Units 80
Date of Acquisition 4/3/09
Date of Sale Not Sold

Valuation
Purchase Price Undisclosed
Sale Price N/A
Projected IRR Projected 18%
Actual IRR TBD

Conditions at commencement of SCI management:

  • 97% occupied
  • Average Rent: $958 and $1100/month
  • Annual NOI of $685,000

Redevelopment Plan:

  • Renovate unit interiors as units turnover; exterior renovation was completed by former owner

Results:

  • To be reported

View Other Case Studies:

Repositioning Case Study #1 - Tracy Apartments
Repositioning Case Study #2 - Buena Vista Apartments
Repositioning Case Study #3 (In transition) - Aspenwood Apartments
Repositioning Case Study #4 (In transition) - Holladay on 9th
Repositioning Case Study #6 - Mulberry Park Apartments
Repositioning Case Study #5 - Lookout Pointe Apartments
Repositioning Case Study #7 - Liberty Heights Apartments

Copyright © 2008 Su Casa Investments, LLC. All rights reserved. Terms and Conditions