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5500 N MILITARY TRL Boca Raton FL 33496-3406

[Locked] • APN 06424701280000020

Details
Property Type Multifamily
Sub Type Apartment Building
Building SqFt 491,320
Lot SqFt 500,987
Acreage ******
Number of Units 400
Zoning Code LIRP PMD
Year Built 2017
Building Count 2
Opportunity Zone No
Tax Year ******
Tax Assessed Value ******
Days on Market ******
Owner Name ALTIS BOCA RATON LLC
Owner Mailing Address (Full Address) ******
APN 06424701280000020

Property History

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Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Marketing Description
What you are buying is the fund with all the upside plus monthly distributions this portfolio has 8 funds and 18 class A multifamily properties. fractional share distributions. All funds throw-off different amounts and they all have different cap rates. Please reach out for more details. We are selling our equity shares. Take advantage of an already proven and secure investment. The fund is co-invested in the property with Cardone REIT.Call for information on the rest of the properties and see attached photos with summaries. The big deal here is the monies have been invested on average 6-7 years.  All investments in the funds that are owned have a target multiple of 2.5 or greater.  Cardone Capital has a potential up to a 10 year Hold on each individual fund With the sweet spot of usually a 7-8 year sale possible.  94%, which is roughly $1.2 million the portfolio Has an acquisition date that is in or past that half point of the 10 year target hold. That means 94% or $1.2 million is at or past that five year mark already.  Seller has received over $350,000 in distributions in the portfolio so far.  You get paid every 15th of the month and not once was one payment ever late or missed not even during Covid.  Here are 2 scenarios for the near future of Cardone Capital portfolio.  Scenario A, If you simply go off the 7 to 8 year model Of which more than 94% or $1.2 million of my portfolio falls into a 1 to 3 year remaining time frame for a sale. When you take into Cardone Capitals Target Multiple of 2.5X This means that an individual acquiring my portfolio would receive a gross sum of 3,000,000 dollars Upon the sale of these properties. $3,000,000  $1,200,000 ( Return of investment) = $ 1,800,000 dollars PROFIT THE INVESTOR WILL BE RECEIVING ALL OF THEIR CAPITAL BACK PLUS AN ADDITIONAL ONE AND A HALF TIMES WITHIN 3 YEARS!  Scenario B, If you simply take the longer of the 9 to 10 year model 94% Or $1.2 million of my Cardone Capital portfolio still falls under that model of 9-10 years Because acquisition of those funds started back in 2019. Using the same target multiple of 2 1/2 times The individual investor would receive the gross amount of $300,000,000 Dollars upon the sale of these Funds. Same $3,000,000  $1,200,000 (return of investment) = $1,800,000 dollars profit Within a 4-5 year time frame. The investor is getting the benefit of the five years plus that the owner has held Cardone Capital.  Owner has two fair market value letters over the last few years with the main average price value of the portfolio of $2.3 million. Which is an Appreciation from the initial investment of $1,273,000.  Cardone Capital also released that they're looking to take their real estate empire public within the next 1-2 years. They have articulated that when they will go, public shares would be able to be sold at whichever price they were set at if an individual wanted to liquidate out of Cardone Capital.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
MC
Michael Catino
•••.•••.7383
•••tino@••••••••.com
Champagne & Parisi Real Estate

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