Stonleigh Court

Location: Leavenworth, KS
Units: 156
Year Built: 1969
Acquired: July 2021
Projected Hold Period: 5 years
Role: General Partner
Average Cash on Cash Return: 13%
Total Return: 102% in 5 years

Description

Stonleigh Apartments consist of 156 units in Leavenworth, KS within the Kansas City metro. .The properties presented a substantial opportunity to add value through interior and exterior renovations and implementing operational efficiencies. All unit rents were well below market. Post-renovation rent increases would vary from $200-$400 based on floorplan. These rents were at our first property (Pin Oaks Apartment) in the market. Projected Cash-on-cash return is 13%, IRR 19% and Total return of 102% in 5 years. The property closed in July 2021. The team has been implementing this business plan to drive value.

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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Description