Investment Opportunities In Value Added Apartments Built 1970's to 2000's
We Locate, Renovate & Manage. Our Goal: "Sell in 3 to 5 Years" for an ROI of "25% including a 12% Cash Return.
"VALUE ADDED PROPERTY ACQUISITIONS"
CAMARON AT WOODCREST
Purchased: June 2017
Renamed Live Oaks @ 275
Investor Capital: $3,400,000
Renamed: Live Oaks @ 275
275 John Knox Road
Tallahassee, Florida 32303
222 Units - 213,120 Square Feet
Avg. Unit: 960 Sq. Ft. - Built 1971
Purchase Price: $13,850,000
Per Unit = $62,387
Per Sq. Ft. = $64.99
Renovation Budget - $1,200,000
.jpg/:/rs=w:1209,h:909,cg:true,m/cr=w:1209,h:909)
CEDAR POINTE APARTMENTS
1157 Bell Road
Antioch (Nashville), Tennessee 37013
210 Units - 224,000 Square Feet
Avg. Unit: 1,067 Sq. Ft. - Built 1986
Purchase Price: $15,600,000
Per Unit = $74,286
Per Sq. Ft. = $69.64
Renovation Budget: $2,000,000
PURCHASED: February 2017
SOLD: August 2018
Sale Price: $26,250,000
Per Unit = $125,000
Per Sq. Ft. = $117.19
Return on Investment
18 Month Total: 137.5%
Annual Average: 97.1%
CREEKWOOD NORTH APARTMENTS
Purchased: August 2017
Investor Capital: $3,700,000
15235 O'Neal Road
Gulfport, Mississippi 39503
204 Units - 216,156 Square Feet
Avg. Unit: 1,060 Sq. Ft. - Built 1996
Purchase Price: $12,850,000
Per Unit: $62,990
Per Sq. Ft: $59.45
Renovation Budget - $500,000
Refinanced: September 2020
Ownership Period: 37 Months
INVESTOR CAPITAL of $3,700,000
RETURNED 100% TO INVESTORS