Investors Wanted - San Antonio Value Add Multifamily

We are recruiting investors into this Quality,
Off-Market, Value-Add Apartment Project in San

Principals Only Please … no Brokers or Daisy

Contact Me Directly for full details and
Introduction to the Project Sponsor


Dike Drummond
360-262-4971 (office)


Here are the bullet points ….




The Property:


- 140 Units "B" Class Apartments
- Purchase Price $5.279M or $37.7K/door
- Desirable San Antonio Location, listed properties
getting 20+ offers
- Unit Mix: 62, 1BR - 68, 2BR - 8, 3BR
- Total 116,368 sq ft - average unit size 831 sq ft
- Two swimming pools, clubhouse, business & fitness
center, laundry
Very desirable location




The Upside:


- Off Market Property under contract with no new
financing needed
- Loan assumption will take 90 Days
- Going in Cap Rate is 8.43% on current Actuals
- Only $350K in repairs and upgrades needed
- Current economic occupancy is 78%
- Project Sponsor currently owns apartment complex
across the street which is at 97% occupancy
- Sponsor has intimate knowledge about this property
has already conducted thorough due diligence.There
are no surprises.

Good upside opportunities:
Renovation, occupancy,economic losses, expenses,
economies of scale with other assets (property can
share a manager with sister property and reduce
payroll costs), sponsor can achieve lower insurance
premium due to size of portfolio




The Investment:


- $760K purchases an 80% stake in the Project
- Project Sponsor holds a 20% stake
- All proceeds split pro rata
- Two year projected IRR in excess of 70%
- $200K minimum
- Accredited Investors Only Please
- 1031 OK with minimum size $380K
- Self Directed Funds OK




The Project Sponsor:


- Already owns and manages over 1300 units in San
- Owns  and manages the 232 unit property across the
- Owns a total of over 4000 apartment units in six
- Has completed due diligence on this property when
it was bundled in a separate purchase earlier this
year. Owner has come back with a lower price,
facilitating this sale.



Contact Me Directly for full details and
Introduction to the Project Sponsor


Dike Drummond
360-262-4971 (office)

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"Early Adopter Upside with 90% Downside Protection" Sale is now live with up to 6X bonuses


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