Date Purchased: 2002
Purchase Price: $85,000
Total Capital Invested: $185,000
Current Estimated Market Value: $550,000
Approximate Annual Dividend Cash Flow: 11.8%

The Story:

Before acquiring this Building in 2002, it has been vacant for two years and the subject of a receivership. The acquisition team purchased the building and relocated his Real Estate office there. Prior to relocation, the building received a new exterior and updated interior. Subsequently the space was leased to a Chiropractic Office and Tire & Lube Shop. The latest exterior treatment was completed early 2016.