40% return Partnership Opportunity -18 units in Orange, Texas

[Arthur Zavala]

Hello Fellow Investors,

My name is Art Zavala. I am multifamily syndicator/investor. Presently, I have a 18 unit apartment complex in Orange, Texas under contract.  

This is a partnership opportunity for private investor(s) to earn a nice 45% to 55% return on your investment in a 3-5 year payback, secured by the property.

Chrisleigh Manor Apartments
18-Unit Apartment Complex
1604 W Cherry Ave
Orange, Texas 77630

Benefits to Private Investors 1. At close of escrow (in 60-90 days), Investor makes 40% on their money in equity. 2. At 3% per year forced appreciation, results 9-14% annual return on your investment in equity.  3. Depreciation Tax Benefit average is $23,000 per year. Note: These are conservative figures based on the current market value.

Offered by: Alleganz Apartment Group, LLC.

Partnership Offer Procedure
1.All Partnership offers must be submitted with Proof of Funds.
2. Submit Partnership offers to [email protected]
Questions: Contact Arthur Zavala at (949) 413-3915 

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Purchase Price: $470,000              Cost per door:  $26,111

Building Class: B/C                              Location Class: B

Investment Benefits   
This property is offered for partnership to qualified Investors.

1. Gated 18 units                               
2. Cap Rate >10%  
3. Built in equity at purchase  
4. Overall well maintained facilities  
5. Comes with onsite Manager   
6. Each unit pays its own monthly electric bill
7. 100% Occupied  
8. Stable Area, Stays Rented 
9. Opportunity to raise rent

Unit Mix

Type	# of Units	Actual Rent
1BDR/1BA	8	$490
2BDR/1BA	10	$550

Built: 1958, renovated 2002 
Building Size: 17,100 SF
Lot Size: 0.69 acres 
County: Orange 

Purchase Cap Rate: 10.5% 
Market Cap Rate: 8.5%  

Let’s Make Some Money Together!!  I am looking for acquisition money for this apartment complex in Orange, Texas. I am looking to raise $148,100 for down payment, closing cost, and light rehab work.  If you would like to earn a nice 45% to 55% return on your investment in a 3-5 year payback, secured by the property, this is your opportunity.   If you would like to partner on this deal, contact me at (949) 413-3915.  I am also open to other financing ideas as long as the numbers make sense.

Chrisleigh Manor Apartments

Investment Overview

Chrisleigh Manor is a gated 18 unit apartment complex in the Pine Grove community the easternmost city in Texas, is located on the Sabine River at the border of Louisiana. It benefits from accessibility to deep-sea ports. The county of Orange (which the city of Orange is in) recently confirmed agreement with LaPoint Energy Partners, Inc to build and operate a multimillion dollar rail car cleaning, crude oil trans-loading and storage facility which will offer significant employment opportunities.

The property is managed by owner and under capitalized over the last five years. The result is an asset that offers upside potential for Alleganz and its Partner(s) to purchase the property substantially below market, renovate the exterior of the property and update the unit interior when they become vacant.

The investment is conservatively projected to yield the Limited Partners (Members) a return on investment of 10-14% annual return. Alleganz is seeking investor(s) interested in participating in the project.

Investment Strategy

Upon close of the purchase escrow, Alleganz will commence with the exterior painting of the buildings. Alleganz believes that the combination of newly renovated units together with the attractive market rents supports the conservative nature of the investment pro-forma.

The sales price of the asset in the sixth (6th) year of ownership, is projected to be at $682,353 or $37,908 per unit.

Investment Performance

The investment is for a 5 year hold period at which time the asset is planned to be sold and investors cashed out of the project. The investment is $148,100 in minimum $25,000 units.

Financing terms: New first mortgage loan of $377,500 for 60 months 25 years fully amortized to be obtained. 

Property Performance & Investment Participation

Unit Mix

Type	# of Units	MarketRent
1BDR/1BA	8	$525
2BDR/1BA	10	$575

PROFORMA	Year 3 Income
MonthlyPotentialIncome	$118,400
OtherIncome	0
Gross Scheduled Income	118,400
LessVacancy(10%)	(11,440)
LessExpenses(45%)	(53,298)
Net Operating Income	$53,298

Investment Structure/Equity Participation:  

1) We Consider Your Investment Protection First
    + Triple Blanket Insurance Coverage 
    + Property Insurance 
    + Business Income Loss Insurance  
    + Key Man Insurance  
    + Collateral Lien Coverage
    + Recorded Business Lien 

2) Investment is $148,100 in minimum $25,000 units. 
    - $94,000 for Down Payment. 
    - $14,100 for Closing Costs. 
    - $40,000 for Maintenance Reserves (exterior/interior painting, and upgrades).

3) At sale of the property, partners will receive 60% of Net Equity return. 
   (Equity - $148,100 = Net Equity)      
    Projected conservative Return on your investment
        Year 3    49.45%  
      Year 4    52.65%  
      Year 5    59.39%

4) $40,000 to be used for exterior paint, interior paint, and miscellaneous upgrades when units become vacant. 

5) Alleganz is dedicated to the security of the investment and the investors.

Offered by: Alleganz Apartment Group, LLC.

Partnership Offer Procedure
1.All Partnership offers must be submitted with Proof of Funds.
2. Submit Partnership offers to [email protected]
Questions: Contact Arthur Zavala at (949) 413-3915