Meadowlark offers investors the compelling opportunity to acquire an off-market 128 unit multifamily value add opportunity in Wichita, Kansas with healthy in-place cash flow day one and substantial upside.
The property is achieving rent growth premiums representing a 26% return on cost through the completion of interior renovations and additional net operating income growth is achievable as the occupancy is brought back up to market.
Additionally, the property can be acquired at a significant discount to its replacement cost thus creating a strategic competitive advantage by virtually eliminating the risk of new competitors competing with it at the price point of its’ post-renovated rents.
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Snapshot Measures
Total Offering Amount - $5,370,000
Return on Renovation Cost - 26%
Projected Hold Time - 5-7 year
Projected Average Annual Cash on Cash Return (COC) - 16%
Projected Internal Rate of Return (IRR) - 24%
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For Additional Information Contact:
Dyami Myers-Taylor
REIG Asset Management
[email protected]
(760) 536-8144
