The Garden Court Apartments

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Purchase Date: January 2007 Price: $1,100,000
Cash on Cash Return: 7.60% Project 5 Year IRR: 18.00% +
Current Market Value: $1,500,000
Note: Garden Court is a twelve unit apartment project walking distance for the Everett CBD. Garden
Court enjoys stable occupancy and has experienced strong rent growth since CEP took over operations of the property.