Summary

Holdfolio is providing the opportunity to invest in the acquisition of an 80-unit multifamily property located in Louisville, Kentucky. The property is currently 57% occupied and consists of 16 one bedroom and 64 two bedroom apartments.

The primary objective of this investment is to complete $1.05M in improvements in order to increase rents to market rate while also implementing monthly flat-rate utility chargebacks. In addition to updating each unit, Holdfolio will be completing exterior and common area improvements, including installing a playground, grill area, and a fitness center. Overall, the project presents a unique opportunity to reposition a poorly managed asset with deferred maintenance in order to bring it up to today's standards and those more commonly found in this submarket.

Each $25,000 investment will result in a 2.36% interest in 7500 Dunwoody LLC, the entity that owns the apartment directly. Holdfolio will be making a co-investment of $50,000 alongside our investors. 

Investor's income will have an estimated 78% tax shield due to depreciation write off. In other words, if you earn $10,000 then your taxable income would only be ~$2,200.

In the event the property is sold, investors will see the return of their principal investment & the profit will be split 70% to investors and 30% to Holdfolio. Please review all of the investment documents for more information on this unique opportunity to partner with Holdfolio.

The closing to solidify this acquisition is scheduled for 10/11/2018.

Key Highlights

  • Offering Size
    $1,060,000
  • Type
    Equity
  • Minimum Investment
    $25,000
  • Projected Cash on Cash Return
    9% - 10%
  • Projected Internal Rate of Return
    14% - 21%
  • Term
    Buy & Hold