The Sutter Court (Exited Deal)
Stockton, CA - 16 units
$1,350,000
acquired
(apr. 2018)
$2,000,000
exited
(Sept. 2019)
55.4% IRR
Hold period (16 MONTHS)
Sutter Court is a beautiful 16 unit property just north of downtown Stockton, CA, has been fully renovated and through the value add process, achieved top market rents from great tenants, such as police officers, medical residents, warehouse workers, and nurses. Investors received a monthly distribution check as well as a monthly progress report on financials and progress. We have achieved over 9%+ cash on cash ROI as the units got leased and then 15%+ ROI in cash flow going forward. Sutter Court was successfully sold and exited on September 2019 for $2,000,000 at one of the highest price per unit in Stockton for a Class B property.