Charleston Portfolio Offering 20.8% Projected AAR.
The Charleston Portfolio is a well-maintained two 72-unit complexes in Charleston, South Carolina.
The Deal
OFFERING SUMMARY & RETURNS
average annualized returns (Projected) | 20.8% |
average annual distributions (PROJECTED) | 6.5% |
distributions and reporting | MONTHLY |
equity multiplier | 2.04x |
hold period | 5 YEARS |
minimum investment | $100,000 USD |
Timeline
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Priority Access / Official Launch
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Deadline to Execute Documents
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Funding
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Project Closing Date
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Charleston Portfolio
The Charleston Portfolio consists of 144 units with 9 ft+ ceilings and spacious 1200 Sq ft+ units. South Carolina is now the second-most-popular destination for movers in the United States, offering lower property tax rates that are advantageous for real estate investors.
INVESTMENT HIGHLIGHTS
$23.50M | Purchase Price ($168,269 / unit) |
+$5.09M | Total closing costs |
$28.59M | Total all-in budget |
12.24M | Total equity required |
$41.31M | Projected value upon sale |
$12.76M | Projected value created |
You’ll LOVE this deal because
Largo is a desirable location with strong upside, 20 mins to Tampa airport and award-winning beaches. |
$325 per month per unit rent upside after renovation with projected forced increase in this property by $7m dollars. |
$168k per unit value. Well below replacement cost. |
Attractive assumable debt with low interest rate of 4.83% |
We analyzed 100+ deals before we found this golden opportunity. |
You’ll LOVE this deal because
Purchased off market and distressed. 27% below peak of market. |
Newer built construction in a desirable high growth location. |
Strong 70-80k household income with affordable 28-30% Rent/Income ratio. |
Ability to renovate 100% units to a premium level with cost $320 per month/unit upside. |
Assuming 4.12% long term interest peak only FIXED debt. (4.93% blended) |
Our first two deals average investment was $200k
Which means we only have 54 spots available for this deal!
Do not miss out on this rare deal in sunny Tampa, Florida! Get Started today!
Why South Carolina?
Why Charleston?
Booming Economy
Strategic Location
Population Growth
Employment Opportunities
Strong Real Estate Market
Positive Investment Outlook
ABOUT US
Faris Capital Partners
At Faris Capital Partners, our mission is to go Full Out® to help real estate investors invest in multifamily apartments in Florida.
Our goal is to get premium returns for our Canadian and American investors and help you build mega wealth. We provide first class service and make it super easy for you to invest in real estate.
We are experts at finding great apartment deals and partnering with investors to raise capital. We then acquire, renovate, optimize rental income, and ultimately resell apartment buildings, maximizing investor returns at every stage.
Watch Mark Faris, CEO, explain how Faris Capital Partners helps Canadian Investors get better returns.
ABOUT US
Faris Capital Partners
At Faris Capital Partners, our mission is to go Full Out® to help real estate investors invest in multifamily apartments in Florida.
Our goal is to get premium returns for our Canadian and American investors and help you build mega wealth. We provide first class service and make it super easy for you to invest in real estate.
We are experts at finding great apartment deals and partnering with investors to raise capital. We then acquire, renovate, optimize rental income, and ultimately resell apartment buildings, maximizing investor returns at every stage.
Watch Mark Faris, CEO, explain how Faris Capital Partners helps Canadian Investors get better returns.
Mark Faris CEO |
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John Macarewicz PRESIDENT |
|
Djuric Family Office PARTNER |
Track Record
Faris Capital Partners was founded by Mark Faris and John Makarewicz, two seasoned real estate professionals with a track record that speaks volumes, having scaled the two largest real estate teams in Canada and the US, respectively, and selling over$20 billion in real estate.
$20BIN REAL ESATE SALES |
7,000+TOTAL UNITS OWNED |
$1BIN REAL ESATE ASSETS |
Track Record
Faris Capital Partners was founded by Mark Faris and John Makarewicz, two seasoned real estate professionals with a track record that speaks volumes, having scaled the two largest real estate teams in Canada and the US, respectively, and selling over$20 billion in real estate.
$20BIN REAL ESATE SALES |
7,000+TOTAL UNITS OWNED |
$1BIN REAL ESATE ASSETS |
Mark Faris CEO |
|
John Macarewicz PRESIDENT |
|
Djuric Family Office PARTNER |