Address: 603 Southwest Parkway, College Station, TX 77840
Property Type: Multi-Family
Community Amenities:
• Dog Park
• BBQ Area
• Pet Friendly
• Swimming Pool
• Lounging Chairs
• Outdoor Picnic Area
• Fitness Center
• Proximity to Hiking & Bike Trails
Building Characteristics:
• 36 2-story residential buildings (including leasing office and maintenance shop)
• Built in 1981
• Brick walls, pitched roofs, concrete paving
Interior Features:
• Ceiling Fan
• Air Conditioning
• Energy-Efficient Appliances
• Walk-in Closets
• Washer/Dryer Connections
• Wood Style Flooring
• Fully-equipped Kitchen
This is a Joint Venture, partners will retain certain key participation rights.
Joint Venture:
Class A1: $500,000 and greater total minimum investment receives a 10% preferred return and participates in the upside
Class A2: $250,000-$499,999 investment receives a 8% preferred return and participates in the upside
Projected 3 – 5-year hold with the following returns:
Equity Multiple:
1.74x – 2.15x
Avg Cash on Cash:
6.13% – 7.42%
LP IRR:
17.8% – 22.1%
Preferred Return:
8% – 10%
