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PASSIVE INVESTMENT OPPORTUNITY

Morgan Manor Apartments

And

Seven Oaks apartments

This is a fantastic value-add opportunity in San Antonio, TX

QRP, Solo 401(k), SD-IRA

506(c) For Accredited Investors Only

18% Targeted IRR

Note: This 506(c) syndication is open to ACCREDITED investors only.

Investment Overview

Morgan manor apartments

Morgan Manor Apartments, a 156-unit garden-style apartment community in northwest San Antonio, Texas. The Property is located in the richest employment hub in the MSA with 105,000 employees within a 3-mile radius, supported by regional heavyweights.

The South Texas Medical Center, USAA Corporate Headquarters, The University of Texas at San Antonio, Humana, and Hulu. With frontage along highly trafficked Fredericksburg Road and adjacency to major thoroughfares Loop 410 and I-10, the Property’s infill location offers superior access to premier economic and retail drivers.

156

UNITS

803 sf

AVG UNIT SIZE

1963/2019

YEARS BUILT/RENO.

San Antonio

SUBMARKET

Investment highlights

Morgan Manor apartments

Ownership has renovated 133 units with laminate flooring, black appliances, upgraded fixtures, and tile backsplashes, achieving up to $150 premiums over classic units. With over $1.5M spent in capex by current owners, investors can focus on value-driving uniform interior renovation strategies.

• Investors have significant opportunity to enhance ancillary revenue via installation of washer/dryer connections and sets, addition of valet trash, addition of tech packages, and addition of private pet yards and a pet park. Additionally, electricity is master-metered and current ownership is not billing back tenants for consumption, allowing investors the opportunity to increase revenue via institution of RUBS for electricity usage.

15-18%

Targeted IRR

2.20x

Equity Multiple (In 5 Years)

9-10%

Projected Annual
Cash-on-Cash

19-22%

Average Annual Return

Investment Overview

Seven Oaks apartments

With 254 units built in 1968/1974, Stone Oak Apartments is located at near San Antonio Medical Center with median household income of 68K. The current seller owned it for more than 5 years

100% Classic units has with large sqtf size units..

The area has several commercial centers filled with restaurants and shops sprinkled throughout the community. 

254

UNITS

891 sf

AVG UNIT SIZE

1968/1974

YEARS BUILT/RENO.

San Antonio, TX

SUBMARKET

Investment highlights

seven oaks apartments

  • Solid value add potential from day 1: Current Rent at $0.87 vs. comps at more than $1.1. That is $211 rent bump.
  • We are creating value from 3% cap rate to 6.5% cap rate in 2-3 years. That is almost $10M in Value creation in 2 years.
  • Property rents of $789 ($0.89 PSF) are well below the submarket average of $970 ($1.16 PSF), demonstrating room to organically push rents. Additionally, the submarket saw nearly 3% rent growth and 1,050 units absorbed in the trailing 12 months, indicating pent up demand for existing multi-family product.
  • Our goal is to improve the NOI to meet and exceed proforma investment objective through the strategies outlined. Our plan hold time is currently 5 years but depends on lending terms, market conditions and the property performances. However, we will review the property performance every year to determine the next step of action

15-18%

Targeted IRR

2.38X

Targeted Equity Multiple (In 5 Years)

9-10%

Projected Annual
Cash-on-Cash

19-22%

Average Annual Return

★ 506(c) offer For Accredited Investors Only

Take A Tour Morgan Manor Apartments

Take A Tour seven oaks Apartments

Meet The Achieve Investment Group Management Team

James Kandasamy

Director of Acquisition, and
Investor Relations

Shanti James

Director of Property and
Construction Management