Maplecrest Square Apartments (34 Units): Closed!

Here is why we love this deal!

Desirable Multifamily Location

  • Located near retail, employers, and attractions with a growing population and income supporting higher target rents.
  • Lack of good quality housing in the area, driving demand for this property with a history of 95%+ occupancy.
  • TN is a landlord-friendly state. No significant collections issues through COVID.

Value-Add Opportunity

  • $75-$150 / month below market rents.
  • Good structural condition, in need of cosmetic updates and deferred maintenance remediation to drive rents higher.
  • Making a pet-friendly community will increase demand and drive pet rent collections

Great Financing

  • Seller financing, 8 year fixed 3.5% interest rate – Creates flexible timing to refinance or exit.

Strong Targeted Returns

  • Average Annual Return: 17+%
  • Cash on Cash (excludes sale): 9.0%
  • Cost segregation and bonus depreciation will generate paper tax losses in year 1.

Experienced Team

  • “Boots on the ground” local sponsors with several successful properties in the area.
  • Currently involved in over 1300+ apartments.
$50K minimum investment. 506c - Offering (Accredited Investors)