EVERGREEN APARTMENTS OF WILLMAR
3D Money is pleased to announce our latest investment opportunity; a mature residential 42 unit portfolio and 4 commercial units located in Willmar, MN & surrounding area, and Mesa AZ.
The residential properties are completely seasoned and stabilized. The commercial units have some construction and rehab remaining to be done. The properties were signed under contract by five different property entity holding companies (AEHA, LLC, AEHB, LLC, AEHD, LLC, AEHO, LLC, and Allen RE, LLC) between 2010 and 2019. They were all purchased for the sole purpose of cash flow.
The residential units are occupied by various individual tenants. The commercial properties are all leased by Allen Entrepreneurs (or its subsidiaries) on triple net commercial leases.
$2,400,000 in Secured Promissory Notes
$50,000 minimum investment
7% interest paid monthly (1st of every month via check mailed or ACH deposit) 3-year term
Reasons to Invest
Stabilized Residential Portfolio
42 units at market rent (no subsidized units)
Long term commercial leases in place with secure tenant Clear-cut 3-year exit strategy
Strong cash flow property
Highly experienced management
The Willmar MN and surrounding area residential portfolio consists of 28 single family homes, 5 duplexes, and one quadplex for a total of 42 rental units. Rent for the single family homes range from $850-$1,100 per month with the duplex and quadplex units going for $700-$800 per month.
The commercial units consist of 3 storage facilities and a 3 building maintenance complex. All commercial buildings are rented and utilized by the property management company for the entire rental portfolio.
Cross section of management items to be addressed by the new owners:
Changed the property management company
Canceled all maintenance contracts
Re-Branded facilities to “Suite Liv’n” for
marketing consistency with other
Executed new leases on all existing tenants
Installed coin laundry & vending where
Addressed multiple equipment and facility
upgrades & deferred maintenance issues
Cross section of rehab and improvements completed
Security locks on all exterior doors
Individual unit repairs
New windows and siding where
New soffit, fascia, and roof’s where
Landscaping and tree removal
Implemented new web site & advertising