Our Latest Offering
COMPASS HEIGHTS APARTMENTS
148-Unit | Class B Asset
20%+ Average Annual Return.
7.5%+ Average Annual Cash Return.
2x Capital Over Hold of Investment.
Compass Heights is a beautiful 148-unit property located in Chattanooga, TN. This is being sold by distressed owners struggling with bridge loans in their portfolio at an incredible basis with a great opportunity to go in and increase value through management and renovation.
Why We Love The Deal!
Basis - Distressed seller who is primarily a developer and struggling with bridge and construction loans across portfolio - buying at 108k a unit - CoStar predicts this area/vintage to be going for 200k a unit in 5 years.
Buying in Chattanooga - poised right in the middle of boom markets Nashville and Atlanta, experiencing incredible growth, the fastest growing city in Tennessee.
Cash Flow - Value add play makes for nearly 8% average cash flow, 4%+ Year 1, over 8%+ year 2 on.
Value Add - easy opportunity to renovate units to bring rents up $175-275.