Altyn Equities announces sale of Plazaview Manor – Delivers substantial ROI to investors
I am pleased to announce the sale of Plazaview Manor, our 15 suite apartment building in the NAIT district of Edmonton. We purchased the asset for $1,395,000 with $450,000 cash, and sold 4 years and 8 months later for $1,792,500 for a near 30% lift in value despite difficult years in Alberta in 2015, 2016, 2017. The venture went off almost exactly as planned, with a sale price slightly higher than we forecast back in 2012.
Another case study that apartment buildings can deliver substantial returns in up, down, or sideways markets. Since we are in a down cycle, NOW is the perfect time to invest. Ask me how.
Keep checking our site for the next opportunity, and Happy investing!