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SAR Apartment Capital Expands Its Portfolio Of Assets Into Tennessee

FOR IMMEDIATE RELEASE
August 5th, 2021

 

For additional inquiries please contact:
Abiel Ballesteros
VP, SAR Apartment Capital
1-786-355-6646
abiel@abielballesteros.com

SAR Apartment Capital Expands Its Portfolio Of Assets Into Tennessee

Total investment of US$ 3,300.000, with a 94% occupancy rate

Miami, FL – Today, Abiel Ballesteros and SAR Apartment Capital are proudly announcing the successful acquisition of a 110 residential community in Ripley, Tennessee, thus expanding its portfolio of assets.
The community is a 2004, Class B, residential property with an occupancy rate of 94% and a low income tax credit which is highly desirable for the area.

The purchase price was US$ 3,300,000 that comes out to $30,000 a house. We paid $30,000 a door for a 4 bedrooms/ 2 bathrooms/ 1200 sq. homes located on 43 acres of area.

 

The current going in average rents are $619, with the potential of increase to US$ 800 a month.

Due to the high demand for residential home rentals in suburban and rural areas, we expect to hit our proformas with no issues. We also will be taking advantage of HUD low-income housing loans which will be below 3.0% interest rate.

 

With this new acquisition, SAR Apartment Capital and its partners deliver again on its promise to source, acquire and manage multi-family assets with high ROI potential for its investors .

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SAR Apartment Capital LLC is a multifamily investment firm based in Miami, Florida. With over $162 million in assets under management, the company is focused on major metropolitan statistical areas that demonstrate low vacancy, consistent rent growth, and a growing Real GDP.

SAR Apartment Capital continues expanding its..

SAR Apartment Capital continues expanding its Florida portfolio with the acquisition of the 54…

SAR PROPERTY MANAGEMENT

Multifamily Investment

SAR Apartment Capital LLC is a national multifamily investment firm with over $130,000,000 of assets under management. 

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