Citrus Park Apartments
Citrus Park, Ocala, FL
This is a 20-unit apartment building in Inverness, FL, priced at $950,000 plus closing costs, with a loan of $727,500 and an investment of $265,000. Investors achieved a 23.43% return, with remodeling costs of $60,000. Over a total investment period of 3 years, investors received an 8% annual return paid monthly. Afterward, the property was sold, and they received their initial capital and profits based on their ownership percentage.
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Denny Troncoso
Advisor | Investor | Lender
(407) 203-9599
Property Facts
No. Units
Property Type
Property Subtype
Apartment Style
Building Class
Lot Size
Building Size
Average Occupancy
No. Stories
Year Built
Parking Ratio
20
Multifamily
Apartment
Low Rise
B
3.41 AC
19,077 SF
95%
1
1993
2.41/1,000 SF
Unit Amenities
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Air Conditioning
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Cable Ready
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Disposal
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Washer/Dryer
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Heating
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Ceiling Fans
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Tile Floors
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Kitchen
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High Speed Internet Access
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Refrigerator
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Oven
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Views
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Walk-In Closets
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Carpet
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Patio
Site Amenities
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Renters Insurance Program
Unit Mix Information
Description
No Units
Avg. Rent/Mo
SF
2 + 1
19
$775.00
940
1 + 1
1
$675.00
816
Property Taxes
Parcel Numbers
Multiple
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,095,304
How to Invest with Us in Our Next Real Estate Partnership: A Step-by-Step Guide for Investors
1. Objective
This guide outlines a clear process for individuals or groups to invest in real estate projects/partnerships, ensuring transparency and effective communication between the investor and our company.
2. Scope
Applicable to all potential investors interested in real estate projects, such as apartment buildings or rental portfolios. It covers steps from the initial inquiry through project offerings and investor participation.
3. Minimum Investment
The minimum investment for participation is $25,000.
4. Process Steps
Step 1: Initial Inquiry and Communication
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Investor Inquiry: Prospective investors express interest in investing.
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Preliminary Information: We provide details on the investment model, minimum capital requirements, and current project availability.
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Meeting Options:
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Zoom Meeting: Schedule a virtual session to discuss details.
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In-Person Meeting: If located near Ocala, Florida, investors can meet over coffee for a personalized discussion.
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Step 2: Presentation of Investment Opportunities
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Overview: We present past and current projects, explaining:
Investment structure, expected returns, and payment timelines.
Project duration, exit strategies, risks, and benefits
Step 3: Investor Expectations and Discussions
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Investor Q&A: Address questions or concerns about risks, returns, or project timelines.
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Clarification of Terms: Ensure the investor fully understands the project's scope, potential outcomes, and responsibilities.
Step 4: Final Agreement and Investor Placement
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Terms Agreement: If the investor agrees to proceed:
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Add them to the Potential Investors List.
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Provide a timeline for when the next project will be available.
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Explain how future opportunities will be communicated.
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Step 5: Sharing Investment Opportunities
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Project Proposals: When a new project is available, we share the details via email, including property information, a video presentation, and follow up with a phone call to answer any questions.
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Next Steps: If interested, the investor will receive a private placement memorandum from our attorney outlining all risks. We guide them through the legal and financial aspects of the investment.
5. Communication Channels
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Virtual Meetings: For investors unable to meet in person.
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In-Person Meetings: Available for local investors near Ocala.
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Email/Phone/Video: For ongoing updates and project discussions.
6. Investor Education
We ensure investors are well-informed about:
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Financial Risks: The risks involved in real estate investments.
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ROI: The expected timeline for returns and profit disbursements.
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Project Duration: How long each project will last and when capital is expected to be returned.
7. Monitoring and Evaluation
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Regular Updates: Investors receive timely updates on project progress
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Feedback: We collect feedback to improve future investor experiences.
We have completed several investments profitably and earning investors competitive returns higher than the stock market. Investors enjoyed depreciation benefits and hands off management. We also enjoy building a long term relationship with people with our investors. Allowing us to work together and complete profitable projects for years to come. If you're seeking a partner who is experienced, easy to work with, and committed to the highest standards of integrity, let's connect!
Note: Investments are typically filed with the Securities and Exchange Commission under Regulation D, Rule 506(b). This allows for an unlimited number of accredited investors and up to 35 non-accredited, sophisticated investors. However, this type of offering prohibits public advertising, so participants must have an established relationship with our company before investing.