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Cheney Park Commons I

Cheney Park Commons I

Multi-family Housing | Cheney, WA

Minimum Investment: $40,000

Property Highlights:

  • 36 Unit multi-family housing
  • Completed new construction 2019
  • Stabilized
  • 12 Studio, 12 One-bedroom, 12 Two-bedroom

Cheney Park Commons II

Multi-family Housing | Cheney, WA

Minimum Investment: $80,000

Property Highlights:

  • Multi-family housing
  • 54 Units total
  • Comprised of three buildings. Building B, C, and D
  • Building B is completed and occupied
  • Construction is underway on building C and D

 

 Dividends Paid-to-Date:

Past performance is no guarantee of future results

 

 

 

-

inclusive cost of $

78

7

,

5

00

for the purchase of the properties from

Equilus Capital

Partners,

$

7

,

212,500

Million for site construction and buildout of phase II

A

-

C

of

54

multifamily units the Properties as a group are projected

to provide an aggregate annual cash flow yield of approximately

6.45

% the first year following t

he completed

development by

CPCII

for the beneficial ownership interests in the Property Partnership. The aggregate annual cash

-

flow

yield is expected to increase on an annual basis from $

481,170

in year two to $

563,932

in year ten based on contractual

lea

se terms and fixed

-

rate projection of 2% annual. Projected aggregate first

-

year net cash from operations of the

Properties is estimated to be approximately $

471,736

. These projections are net total of any debt service, total annual

Administrative Fees to t

he Fiduciary Manager of $

12,026

and total projected Administration and Property expenses of

$

1

29,607

which includes an annual fee to the Fiduciary Trustee.