Photos of Project
Raleigh Square – Red Deer Alberta
ROI: Substantial ROI - Please contact
Sold for: Substantial - Please contact
7180 Park Avenue, Red Deer, Alberta
Purchased December 2017 for $3,024,000 with a $2,740,000 VTB (90% for 3 years)
Altyn Equities invested $200,000 and co-managed the venture
Property was refinanced in September 2018 for $5,380,000, 8 months later!
Approximately $1,000,000 invested for a value lift of over $2,350,000.
Substantial Value increase in a short time frame by upgrading and raising rents accordingly.
What is exceptional about this deal?- Ultra Low purchase price of $63,000 per unit given good rental location
- Family building in a quiet, residential neighborhood close to bus and amenities
- Unbelievable Vendor Financing. 90% LTV, interest only for 36 months!
- All projects sold recently in Red Deer are $100,000 per unit and over
- Excellent suite mix with 34 two BR, 12 three BR, and only 2 one BR
- Massive opportunity to raise rents quickly by fixing and raising rents
- Property manager is currently managing 5 buildings with 5% vacancy
- Boardwalk has a building on the same block, with rents of $1049 renovated.
- The upside potential for Red Deer is tremendous, large population growth expected
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SUCCESS STORIES
Raleigh Square – Red Deer Alberta
ROI: Substantial ROI - Please contact
Sold for: Substantial - Please contact
7180 Park Avenue, Red Deer, Alberta
Purchased December 2017 for $3,024,000 with a $2,740,000 VTB (90% for 3 years)
Altyn Equities invested $200,000 and co-managed the venture
Property was refinanced in September 2018 for $5,380,000, 8 months later!
Approximately $1,000,000 invested for a value lift of over $2,350,000.
Substantial Value increase in a short time frame by upgrading and raising rents accordingly.
View Project ➝Church Road – Spruce Grove
ROI: Please contact for more information
Sold for: Subscription filled - Currently Active
200 Church Road, Spruce Grove, Alberta
Will Purchase August 2018 $1,750,000 with a 75% loan @4.5% for 5 years
Cash required $750,000
View Project ➝Mansard Terrace
ROI: Please contact for more information
Sold for: Subscription filled - Currently Active
710 8th Street East, Saskatoon Saskatchewan
Purchased October 2017 $1,470,000 with a 65% loan @3.25% for 5 years
Cash invested $630,000
View Project ➝