Investment Update 12/4/17 – We Closed On The Joseph @ Huebner!

192 Units in San Antonio

I am very excited to announce that Amity Cash Flow, in partnership with RSN Property Group and Wildhorn Capital, have closed on The Joseph @ Huebner (formerly known as The Gables) in San Antonio, TX. Huge thanks to everyone who was involved in pulling this deal together.

The Property

Located in the thriving Northwest side of San Antonio, TX, this 192 unit Class B property is located near several Class A properties (which are priced $350 more per month on average).  This gives us a strategic advantage by improving our property through unit renovations, as well as various property upgrades, to offer residents a highly desirable lower cost option relative to the competition.

The Plan

The property will be repositioned over the next 12-18 months, increasing the Net Operating Income (NOI) and forcing the value. The process will begin immediately, with vacant units being renovated and rents increased.

Through the property’s repositioning, rental increases, and eventual sale, our conservative underwriting targets investors’ Internal Rate of Return (IRR)  at 16-20% annually.

To find out how to get involved with our next deal, shoot me an email at chris@amitycashflow.com

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