A 241 Unit Multifamily Passive Investment Opportunity
QRP, Solo 401(k), SD-IRA
506(c) for Accredited Investors Only
Deal at a Glance
22-24%
Target Internal
Rate of Return
25-27%
Target Cash on
Cash Return
2.2x
Target Equity
Multiple
8.0%
Preferred
Return
5 Year
Holding Period
$18.4M
Project
Capitalization
$50k
Min Investment
Property Info & Amenities
1 / 2 / 3 Bed Units
2 Pools
Dog Park
Picnic Areas
Terraces at 2602 is a beautiful apartment community with lush landscaping. Located in Texas City, just 40min south of downtown Houston, the property has lovely views of the family friendly Godard Park.
The community includes 2 sparkling blue pools to cool off during hot, Texas summers as well as an outdoor dog park, on-site laundry facilities and reserved parking. Quaint benches, cedar pergolas, and picnic areas can be found in the cheery courtyards of this garden property.
The well-appointed apartment interiors bring style and grace to each of the units. Welcomed by the spacious living rooms, with new flooring and light fixtures, the apartments are immediately warm and feel like home. New appliances and countertops in the kitchens invite residents to create something fun for dinner. The upgraded bedrooms and bathrooms round out the units with new carpeting, bathroom vanities, sparkling white tubs and ceiling fans for comfort.