The Lona Vista Apartments
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Cash on Cash Return: 9.50% Project 5 Year IRR: 25.00% +
Current Market Value: $2,100,000 (appraised)
Note: CEP purchase this apartment building from a long time owner with the intent to renovate
the project and move the rents up significantly to market. The project is located across
the street from the main entrance to Everett Community College and under our management
will become vital housing for the fast growing college. Investors have been enjoying stable
cash flow from the project since inception and with the dramatic increase in rents we have
already captured substantial price appreciation on this asset.