79 Masters Dr – 6 Unit Apartment complex primarily for Veterans

• 79 Masters Dr in St Augustine Florida, is a 6 unit multifamily rental project we’re building for veterans. Each unit will feature 1 bedroom and 1 bathroom with washer and dryer hookups in each unit.
  • Project Costs Total – $770,000
  • The units will be rented for $800 per month, which is about $200/mo less than retail rents. Not a bad for a waterfront community.
• We’ve acquired the lot at a value of $100,000. We’ve secured financing via Ameris Bank for $478,000. We have a small developer lined up to contribute $80,000.

We are currently seeking a partner(s) for $90,000