Multifamily: 40 Unit Saint Cloud, MN

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

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) ReturnsTotalYear 1Year 2Year 3Year 4Year 5
       
LP Returns      
LP Contribution      100,000     
LP Stake8.74%     
Holding Period5 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 IRR20.67%                 -          7,789      111,277          1,048        78,865
Cash-on-Cash Return39.80%0.0%7.8%111.3%1.0%78.9%
LP Equity Multiple1.99x