ROI on 250 units

[Steve Pool]

I have a 10 percent interest in a nice apt complex in an upscale part of Milwaukee. We have run 97% occupancy for several years and so have competing properties. It is in great shape. Our property manager has suggested some changes. I need to find out what an appropriate Return On Investment would be for this type of property since we have had it for many years and it is at 25%LTV. Any help greatly appreciated!