506(B) Open to Accredited and Non-Accredited Investors
- $9,500,000 Purchase Price
- 102 Units
- 18.9%+ ARR
- 94.3% Total return
- 7% Preferred Return
- 2023 Tax Benefits
- Passive Income & Legacy To Your Family
Units
Hold term
Equity return
Cash flow return
The property contains 102 individual units with a preferred return of 7% and an average annual return of 18.9% on your investment.
The purchase price basis per unit is $93,000, which is substantially lower than other similar properties in the area.
Similar properties in the region are currently selling for $110K-$120K per unit, and in some cases, as high as $140K per unit.
This presents an exceptional opportunity for investors to acquire an asset significantly below market value. This opportunity is especially valuable in the current economic climate.
Purchase Price
Projected returns
Minimum Investment
Funds Due by
Comprehensive interior renovation program - 90%+ of existing units are in classic condition
Exterior cosmetic improvements to enhance curb appeal and leasing
Amenity enhancement and upgrades (Pool Area, Social Court, and Fitness Center
Opportunity to add other income sources (Washer/Dryer 100% Hook Up in Units and Parcel Lockers
Texas Multifamily Market
Total Rentable SF
Current Occupancy
Number of Buildings
1) Playground 2)Swimming Pool 3)Pet Friendly 4)Laundry Facility 5)Reserved Parking 6)One, Two, & Three Bedroom Floor Plans
1)Garden Style
2)New Boilers & Chiller in 2021
3)Two Story Buildings
4)Brick Siding
5)Mature Landscaping
6)New Roofs in 2022
7)New Siding in 2011
1)Tile Backsplash
2)Stainless Steel Appliances
3)Faux Wood Flooring
Select Units
4)High Speed Internet
Have Not Reviewed or Have Questions? Schedule A Call With Eric Chadderdon.
Secure your spot in the investment by wiring funds. KEEP IN MIND THE DEADLINE IS 5th May
We look forward to our acquisition of this amazing investment opportunity, and look forward to partnering up with you!
Yes, via our Cost Segregation & Depreciation approach.
$100,000 is typically our minimum. This can change on a deal by deal basis.
We have a combined 35+ Years of Experience in Ownership, Renovations, Acquisition, and Disposition.
Yes, with Gibby’s Capital Investments you are able to invest through your self directed IRA account. We will walk you through the process. It’s very simple!