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292-Plex Value Add

292-Unit Apartment Complex in San Marcos

  • Amazing CAP rate of 8.3%

  • Location poised for rent growth with housing shortage

  • Fantastic new property management company in place

  • Rents 20-30% below market

  • 5 Million dollar discount

Numbers On Deal

  • Purchase price: $21.5 Million

  • Repair cost = $1,595,680 to renovate units

  • Projected Future Value: 31-35 million!

  • As we raise rents we should have 10-14 million in equity within 5 years and 750k to a million in cash flow annually for our investors and partners for years to come!

beckie lambert at The 1586 Leasing office
Beckie Lambert at sight project 292 plex complex

Video Tour of the Project

What Nate & Beckie’s Investors

are Saying ...

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