Multifamily: 40 Unit Saint Cloud, MN

1011 5th Ave S & 315 4th Ave S Saint Cloud, MN
Closed: November 02nd, 2022
Closed

Yieldwink alongside Goldsher Group proudly present the opportunity to invest in two residential multifamily properties totaling 40 units in Saint Cloud, Minnesota. Situated directly across Saint Cloud University, this value-add opportunity allows for a significant upside in rent roll with minimal capital expenditure. Directly across Saint Cloud University, student housing remains an option for these locations. With recent, directly surrounding developments and openings of Chipotle, Starbucks, Noodle & Company, Chase Bank, and Bremer Bank, Saint Cloud's growing Downtown district is expected to continue its robust expansion. Immediate increases in revenue are expected as current rent averages sit at 67% of market rates. Neighboring properties have all reported a 98%+ occupancy rate.

financial summary

  • Targeted Investor IRR: 20.68%
  • Targeted Equity Multiple: 1.99x
  • Offering Type: Real Estate
  • Class: Multifamily
  • Term: 5Y
  • Minimum Investment: $25,000.00
  • Sponsor Co-invest: 5%
  • Pay-out: Monthly
  • Preferred Return: 8%
  • Goal: $1,100,000 - $1,200,000
Summary of Investors (LP) Returns Total Year 1 Year 2 Year 3 Year 4 Year 5
             
LP Returns            
LP Contribution       100,000          
LP Stake 8.74%          
Holding Period 5 Years          
Preferred Return                    -           7,789         18,521                  -                  -
Return of Capital                    -                  -         92,756           1,048           6,196
Excess Cash Flow                    -                  -                (0)                  -         72,669
Total LP Distributions       198,979                  -           7,789       111,277           1,048         78,865
Total LP Contributions       100,000                  -                  -                  -                  -                  -
Total LP Profit (Including Fees)         98,979          
LP IRR 20.67%                  -           7,789       111,277           1,048         78,865
Cash-on-Cash Return 39.80% 0.0% 7.8% 111.3% 1.0% 78.9%
LP Equity Multiple 1.99x