Multifamily: 40 Unit Saint Cloud, MN
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
- 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 |