Steve Vaughan
East Wenatchee, WA (USA)
Role(s):
Founder/Owner/Principal
Devon Apartments, LLC.
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Startup
Location:
East Wenatchee
Industry:
Real Estate
Year Founded:
2005
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
Acquire, own and operate multi-family apartment buildings that meet my criteria for value, condition and location.
Vacancy and unemployment rates remain low in my area.
I have always funded buildings on my own. Valuations in my area are compelling relative to capitalization rates, rent multipliers and NOI. I would like to grow and share specific opportunities through a lender or equity partner. I need funding from $122,000- $780,000 to acquire 3 specific buildings from 3 separate owners and parcels.