Affordable Luxury Rentals

227 Bennett Avenue, Rochester, NY 14609

Deal Overview

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• Bought off market for $111K
• $35K rehab
• Total invested capital of $146K
• Appraisal of $205K
• Refinanced at 80% LTV for proceeds of $164K
• Paid off original loan of $145K with proceeds
• Rented for $2,100/month
• Eventually sold for $220K

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Living Room

Downstairs Bedroom 1

Dining Room

Downstairs Bedroom 2

Kitchen

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Downstairs Bathroom

Mudroom

Master Bedroom 1 Upstairs

Nursery Attached to Bedroom 1 Upstairs

Upstairs Bedroom 2

Upstairs Bathroom

Team

Eric Ma has experience in the commercial real estate field including managing an institutional grade portfolio across multiple asset classes and servicing institutional investors in the private markets. His experience brings a combination of data-driven research and hands on real estate operation.

Galen Faurot-Pigeon has experience in the residential real estate universe servicing the largest owner operators and institutional investors across both the public and private markets. Additional experience includes commercial real estate sales and working at a long/short equity hedge fund.

Invest With ALR

• We offer opportunities for both equity and debt to generate risk-adjusted returns that suit your needs. Book a call or send an email to get additional information.
• Book a call
• galen@aluxuryrentals.com or eric@aluxuryrentals.com