Bluering Investors

PASSIVE
INVESTMENT

OPPORTUNITY

Blue Ring Investors is pleased to present the passive investment opportunity in Winston-Salem, NC.

PASSIVE
INVESTMENT

OPPORTUNITY

Blue Ring Investors is pleased to present the passive investment opportunity in Winston-Salem, NC.

CLOSED

PASSIVE
INVESTMENT

OPPORTUNITY

Blue Ring Investors is pleased to present the passive investment opportunity in Winston-Salem, NC.

Offering Summary

42-unit apartment community in Winston-Salem, NC consisting of 2 bedroom apartments. Well-located less than a mile from Downtown and close to Universities, Hospitals, and Retail, 555 East Apartments provide nearby, convenient amenities for residents.

8.5% - 9.1%

Average Cash on Cash

16% to 19%

Target IRR

2 to 2.10x

Target Total Returns in 5 years

20% to 22%

Target Average Annual Returns

42

Number of Units

1973

Year Built

$3,200,000

Purchase Price

Deal Type

Stabilized with Value-Add

Class C

Asset Class Type

★ 506(c) offer For Accredited Investors Only

Property Highlights

555 East Apartments community just a few minutes from bustling Downtown Winston-Salem!

This community is a private enclave of 42 apartment units. Units are all 2-story with an average of 990 SF featuring 2 spacious bedrooms and 1.5 bathrooms.

42 UNITS

Multi-Family Asset

990 SF

Average Unit Size

Class C

Asset Class

1973

Year Built

41,412 SF

Size/Density

95%

Occupancy

Take A TOur

Business Plan

Competent Management

Engage national property management company with strong track record

Improve Rents to Market

Institute a program to increase average monthly rents. The current owner has a majority of rents $120 below market. Sponsor owns a 246-unit within 3-miles of subject property and has deep market knowledge.

Increase Occupancy

Increase Community Engagement

Enhance the community experience with additional amenities including a stronger partnership with the city

Additional Value Add Programs

Interior renovation package consisting of appliances, countertops, cabinets, flooring, etc to capture increased rent

Increase Occupancy by converting existing office into an additional unit

Business Plan

Competent Management

Engage national property management company with strong track record

Improve Rents to Market

Institute a program to increase average monthly rents. The current owner has a majority of rents $120 below market. Sponsor owns a 246-unit within 3-miles of subject property and has deep market knowledge.

Increase Occupancy

  • Convert an office to an additional unit

  • Allocate $5,000/unit to upgrade 22 units
  • Increase renovated unit rents by ~$200/unit

Increase Community Engagement

Enhance the community experience with additional amenities including a stronger partnership with the city

Additional Value Add Programs

Interior renovation package consisting of appliances, countertops, cabinets, flooring, etc to capture increased rent

Increase Occupancy by converting existing office into an additional unit

PROPERTY VIDEO

Offering Memorandum

★ 506(c) offer For Accredited Investors Only

★ 506(c) offer For Accredited Investors Only

★ 506(c) offer For Accredited Investors Only

★ 506(c) offer For Accredited Investors Only

★ 506(c) offer For Accredited Investors Only

Reserve Your Spot To Invest In 555 East Apartments

Our Team

Sanjay Hegde sir_updated

Sanjay Hegde

Founder/CEO
dr_2

Dr. Jeannette Birnbach

General Partner

Schedule A Free Strategy Call Now

Blue Ring Investors LLC is a North Carolina-based Limited Liability Company formed to pool investors’ funds to purchase high-performing multifamily, senior and student housing properties in U.S. emerging markets.
Let’s Schedule A Free Strategy Call with Sanjay Hegde (Founder & CEO) to discuss your investing goals.
COPYRIGHT 2021 © BLUERINGIVEINVESTORS.COM – ALL RIGHTS RESERVED