Multi-family Investment Opportunity Cedar Run Apartments, Memphis, TN 416 Units|Class B property

Projected : 9.0%+ Avg Cash Flow, 80% + 5 Year Return

(This is a 506C offering, open to accredited investors only)  

More details will be shared in the webinar. If you have not registered/expressed interest please do so by clicking the link below

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We are very excited to announce that we are under contract to purchase Cedar Run Apartments in Memphis, Tennesse. Its a Class B property that has been renovated by the seller in 2019 and looks and feels like class A. Memphis has a population of 1.3million+ and is growing, Strong inbound migration pattern into Memphis from across the USA. The average median household income is about $50,000 in the 3-mile radius

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INVESTMENT HIGHLIGHTS 

Purchase price of $93k/unit (39M) with significant NOI growth opportunity. The property is in excellent condition, the previous owner spent $17million in renovations.9% + average annual return of cash flow to passive investors.80% + 5 Yr. Total Return to passive investors. Cost Segregation will be performed to maximize ROI via tax. advantages of Accelerated & Bonus Depreciation. Significant year 1 tax deductions will be realized by all investors.80/20% Passive/Sponsor split on profit after all investor capital has been returned. Minimum investment $50,000 (please note priority will be given to those with higher investment amounts) Excellent commute location, close to Walmart and in the middle of the busy retail corridor. If you have not registered/expressed interest please do so by clicking the link below

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BUSINESS PLAN:

Implement value add  with MultiSouth – property management company which manages around 10k + units in Tennessee Units to be upgraded: 137 units, of which we are doing 82 units, resulting in a proven rent increase of  $140 +Implement RUBS to increase NOI, Rent increase of  at least 2.5% per year, the current market rent  increase is 6%+

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SPONSOR TEAM:

The combined sponsor team has experience managing 3500+ units of properties in Dallas, Boston, and Atlanta. One of the most experienced sponsor teams, Sridhar, Sathesh, Kapil, and Sanjay combined have syndicated/invested in 12,000+ units over 50+ properties in 5 states. As a team, we have done 8 syndication deals combined and done successful exits which gave 2X for passive investors  

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NEXT STEPS:

$50,000 Minimum Investment but 100k preferred (please note priority will be given to those with higher investment amounts)Investment can be made from Cash, IRA, or Solo 401K 

There are limited spots available as the sponsorship team raised $8million in a very short time for the last deal.

If this investment opportunity fits your criteria and you are interested in receiving more details in the coming weeks, please complete our Investor Interest Form by clicking the button above. Your indication of interest by no means binds you to this deal. All necessary details will be disclosed prior to your commitment to this deal.