Stabilized Asset Fully Renovated
Maple Flats is a fully renovated and stabilized 72 unit apartment building in the historic Northeast of Kansas City currently 97% occupied. The tenant demographic is young millennials and singles looking for clean, safe and affordable housing. These 3 monolithic buildings are located directly across from a graduate medical university, though less than 10% of our tenants are graduate students. In 2018 the owners completed a $3M+ full renovation including in-unit laundry, new kitchen, bath, wired ethernet, smart building entry and monitoring provided by Homebase AI as well as an adjacent community garden managed by local Jerusalem Family Farms.
The opportunity here is for accredited investors only to partner in a cash flowing asset with strong appreciation potential, improve operational performance by lowering expenses, leverage all-time low interest rates and make incremental improvements to attract long term tenants. A strong preferred return is offered with a transparent business model and reporting to ensure that high integrity values are being honored. Unrealized Value-add also exists in the unfinished basement units for potential creative common area amenity additions like workout room, pool/game room and/or storage units.
In the United States, to be considered an accredited investor, one must have a net worth of at least $1,000,000, excluding the value of one's primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount this year.
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DISCLAIMER - ACCREDITED INVESTORS ONLY
DISCLAIMER REGARDING MARKET DATA AND FORWARD-LOOKING STATEMENTS
THE MARKET DATA AND OTHER STATISTICAL INFORMATION USED THROUGHOUT THIS BUSINESS PLAN IS BASED ON INDEPENDENT INDUSTRY PUBLICATIONS OR OTHER PUBLISHED INDEPENDENT SOURCES. ALTHOUGH THE COMPANY BELIEVES THESE SOURCES ARE RELIABLE, THE COMPANY HAS NOT INDEPENDENTLY VERIFIED THE INFORMATION AND CANNOT GUARANTEE ITS ACCURACY AND COMPLETENESS.
THIS BUSINESS PLAN CONTAINS FORWARD-LOOKING STATEMENTS. THE WORDS “ANTICIPATE,” “EXPECT,” “BELIEVE,” “GOAL,” “PLAN,” “INTEND,” ‘PROJECT,” “FORECAST,” “ESTIMATE” AND SIMILAR EXPRESSIONS AND VARIATIONS THEREOF USED IN THIS MEMORANDUM ARE INTENDED TO SPECIFICALLY IDENTIFY THESE STATEMENTS. PROSPECTIVE INVESTORS ARE CAUTIONED THAT FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND ARE BASED ON EXPLICIT AND IMPLICIT ASSUMPTIONS OF UNCERTAIN FUTURE EVENTS. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE STATED IN THE FORWARD-LOOKING STATEMENTS AS A RESULT OF A VARIETY OF NUMEROUS UNPREDICTABLE EVENTS, MANY OF WHICH ARE OUTSIDE THE COMPANY’S CONTROL. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE OR REVISE FORWARD-LOOKING STATEMENTS MADE IN THIS BUSINESS PLAN TO REFLECT EVENTS OR CIRCUMSTANCES AFTER THE DATE OF THIS BUSINESS PLAN OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS. PROSPECTIVE INVESTORS SHOULD REFER TO THE MEMORANDUM FOR A FULL DESCRIPTION OF THE PERCEIVED RISK FACTORS OF AN INVESTMENT IN THE COMPANY.