A real estate investor purchased a multifamily apartment complex (150 units) for $12 million.
Reduce taxable income and maximize depreciation for improved cash flow.
A cost segregation study identified $2.5 million in personal property assets, including appliances, carpet, and landscaping elements that could be depreciated over a 5 or 15-year period. The study also highlighted potential cost-saving opportunities in the exterior lighting and parking lot.
The cost segregation study enabled the investor to claim an additional $800,000 in depreciation deductions during the first year, resulting in tax savings of approximately $280,000. The tax savings were used to finance further property upgrades and improvements.
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