Four Lanterns, our 34-Unit Apartment Community in Westwood (Cincinnati), is sold!
We purchased Four Lanterns 18 months ago for $485,000, and we’re excited to announce we just sold the property to a group of excellent real estate investors for $1,125,000.
This was a spectacular project all around – for our team, for our investors, and for the residents. We turned Four Lanterns into one of its market’s leading apartment communities, and not only that, we managed to return a 60% ROI for our investors in only 18 months. That’s the equivalent of turning a $100,000 investment into $160,000 in only a year and a half – that’s market-beating stuff right there! I’m truly grateful to be involved with such a wonderful team of people who are truly committed to excellence, and will tirelessly work to create a beautiful, safe community for our residents.
We are currently shopping for our next property, and I’ll definitely keep this blog updated on what we are able to find.
Check out Robbie’s other recent real estate projects: