1420 Park Pl, Sherman, TX 75092

Thank you for your interest in Park Place Apartments. This is a rare opportunity to acquire a 2020 construction, Class A asset with strong in-place performance, 100% occupancy, and a compelling going-in return profile for this submarket. Given the sustained high occupancy, a new owner has a clear opportunity to push rents and capture additional revenue immediately.

To streamline your underwriting, we’ve created a deal room containing:

· Current T-12 financials & rent roll

· Updated debt quote from MMCC

· Insurance indication

· Property tax projections

· OM and supporting documents

Access the full deal room here:
https://multifamilyadvisors.com/properties/park-place/

Highlights:

· Tax-adjusted cap rate: 6.5%

· LTV: 65%

· DSCR: 1.40

· Actual cash-on-cash: 7.76%

· All 2 bed / 2 bath units with full Class A finish-outs

· Washer/dryer connections in every unit (owner charges $60/mo)

· $75 amenity package with room for additional income growth

Given the quality of the asset and the strength of the metrics, we expect competitive interest.

Looking forward to working with you on this opportunity.