Are You An Investor Looking For High Quality, Hands-Free Investments Generating Above Average Returns?
151 units in Dalton GA
Off-Market, High Value Add Multifamily in a Class B Area
(Non-Accredited Investors Welcome)
Seneca Capital Partners
This Syndication Is Fully Subscribed and Closed To Additional Investors
PARK CANYON INVESTMENT OVERVIEW
CLASS B WITH HIGH RETURNS
5 year total returns 96%. 10.1% projected average annual cash.
8% preferred return for investors.
12 year Fannie Mae financing with 5 years IO. 72% LTC.
Rate locked for 12 years!
506b investment open to accredited AND sophisticated investors. IRA, Solo, QRP, etc.
$75,000 minimum investment(limited $50,000 slots available)
CLASS B WITH HIGH RETURNS
Investors have been asking us for higher class multifamily properties in desirable locations with top notch renters. Park Canyon delivers!
And unlike most investments in its class, this rare B investment opportunity doesn’t skimp on cashflow or overall returns.
Located in a fantastic sun-belt market near Atlanta, this attractive investment has a tremendous amount of upside.
The apartment community has above average occupancy, with many longer-term renters who pay their rent on time. Even better, rents are significantly below market.
After modernizing and updating unit interiors with easy and inexpensive improvements, we project that rent increases of nearly 2K/yr are achievable.
IDEAL METRO & LOCATION
They say location is everything in real estate. Park Canyon is conveniently located just minutes off I-75, in a highly desirable area with low crime, and convenient access to shopping, award-winning schools, local museums, parks, and recreation.
The metro has a growing economy with powerful business expansion and strong economic drivers within a 1.5 mile radius of the property.
Why does Park Canyon have a plethora of 5 star reviews from happy tenants? Visit and you will find cutting edge amenities, private patios/balconies, meticulously-groomed grounds, and a dedicated staff.
Amenities include a pool with waterfall, hot-tub, club house, large laundry facility, picnic and bbq area, pet trail, ping pong, darts, basketball, car wash, pond, and more.
The private wooded setting and lush landscaping of Park Canyon offers a secluded and relaxing retreat within minutes of downtown.
The investment management team has a top-notch reputation and a proven record for providing exceptional value to investors and the community.
Last but certainly not least, the long-term property management company has extensive local knowledge and a strong track record.
Massive Unexpected Bonus Upside
Sometimes you get so lucky you just can’t believe it. This may just be one of those times. Here’s why. Last year a fire burned 20 units to the ground at Park Canyon. The seller pocketed the big fat insurance check instead of rebuilding. Surprisingly, the seller then decided to sell the property to us off-market based on it’s current income without the 20 units that burned.
The 20 units, when rebuilt, would have over $200K a year in Net Operating Income. At 7 cap, that could increase our selling price by a staggering $3 million dollars.
When we realized this, we could not believe our luck. Given the severe lack of new construction supply in this market and the below market price paid for this off-market property, the numbers worked just fine even without us rebuilding the 20 units.
We have not included the potential massive returns boost that we would get from the rebuild in our projected numbers!
Our projected returns are still hitting nearly 20% annualized returns and over 10% annualized cash on cash. Talk about having a cushion. Remember, construction projects are time consuming, but this project already has the six most time consuming items dialed in – entitlement, zoning, parking, city approvals, utilities and piping, and the concrete foundation.
This allows us to build quickly, and build at a very reasonable price, with lower risk! Projects like this are almost impossible to find.
Projected 5 Year Return (%)
Projected Annual Cash (%)
Minimum Investment(limited $50K slots available)
This material does not constitute an offer or a solicitation to purchase securities. An offer can only be made by the Private Placement Memorandum (PPM).The PPM and its exhibits contain complete information about the Property and the investment opportunity. The information contained herein is not a substitute for an investor’s complete review of all of the information attached to the PPM as part of their own due diligence regarding this investment opportunity and its suitability for their investment portfolio.