Windy Hill Manor

Location: Macon, GA
Units: 174
Year Built: 1977
Projected Hold Period: 6 years
Role: General Partner
Average Cash on Cash Return: 10%
Total Return: 102% in 6 years

Description

This acquisition is a portfolio of properties with a total of 174 units. Average year of build is 1977. Macon is the largest city in middle Georgia and has experienced 4.6% growth in non-farm payroll in the last 12 months. The properties were acquired at a very attractive $69K/door basis, a comparable portfolio of properties in the same submarket recently traded for 100K/door. The business plan is to renovate the units and increase rent. The projected cash-on-cash return is 10%, target IRR is 17%+ and total return of 110% in 6 years. This acquisition is still open to investors and is projected to close in August 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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Wymore 360 Apartment

Jacinto Palms

Description