Jacksonville Portfolio II

Location: Jacksonville, FL
Units: 238
Year Built: 1971 / 1972
Projected Hold Period: 5 years
Role: General Partner
Average Cash on Cash Return: 10%
Total Return: 100% in 5 years

Description

This is a portfolio of 2 properties: Oasis Club with 242 units, built in 1972 and Silversmith creek 140 units built in 1971. These properties are in Jacksonville, FL. The purchase price was $13,000 less per unit compared to similar properties. The in-place rent is about $300 below the competition. This presents an opportunity to drive up the rent with value-add renovations. The projected cash-on-cash return is 10%, Target IRR is 16% and total return of 100% in 5 years. This Property closed July 2022.

Disclaimer
All investments involve risk and may result in loss. Content on this site should be used for informational purposes and is not considered an offer to sell or solicitation of an offer to buy an interest in any investment. Any such offer or solicitation will be made only by means of the Confidential Private Placement Memorandum (PPM) relating to the specific investment. Access to information about the investments are limited to investors who either qualify as accredited investors within the meaning of the Securities Act of 1933, as amended or those investors who generally are sophisticated in financial matters, such that they can evaluate the risks and merits of prospective investments. Any historical returns, expected returns or profitability projections may not reflect actual future performance.

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River City Place Apartment

Wymore 360 Apartment

Description