Even when things are good, they can always be better
Centennial Advisers has been recruited to help as local investors take advantage of their past success to better meet their future goals. The property at 720 Belmont Ave has been owned by our client since 2004. The eastside location close to Recreation Park and Belmont Heights has provided years of quality tenants and significant appreciation. Built in 1988, the property consists of 6 units. The most recent JR 1 bedroom rental of $1,500 was achieved in less than a week, with multiple applications.
The sale of 720 Belmont will benefit the portfolios of both sides of the transaction. An exchange buyer looking to profit from the purchase of a smaller property will find this investment to be a perfect upleg. The seller is benefiting from this transaction as well. The current property has provided significant appreciation over the years and now the owner is ready to redeploy that equity into a larger well located asset that will provide greater income.
Centennial Advises focuses on win-win transactions. 1031 exchanges are simultaneously evaluating portfolios and redeploying equity into properties that will fast-track retirement goals and improve quality of life. Many investors are surprised how seamlessly their ideal investment property can be achieved. If your building has accomplished all it can for you and you are ready to make a change for the better, Centennial Advisers can help.
