Plus One Properties, LLC is a private, Seattle based real estate investment company that offers investors the opportunity to invest in well located commercial real estate. By partnering with Plus One Properties investors are able to gain all the benefits of owning commercial real estate without having to deal with the headaches and barriers to entry usually associated with commercial properties. Our investment solution allows investors to own a piece of an investment versus having to purchase the entire property on their own. This allows more people to have the opportunity to participate. 

 

 

 

Plus One Properties Investment Criteria:

 

1)      Location: Every acquistion must be well located within the City of Seattle. Only 12 zip codes qualify for our consideration.

 

2)      Expandability: Every acqusition must present itself with enough value-added potential to increase the Net Operating Income by at least 50% within the first 6-12 months of ownership.

3)      Property Type: Apartment buildings and mixed-use properties only. This is our area of expertise.

 

4)      Investment returns: Plus One Properties must anticipate a first year internal rate of return for our investors to be a bare minimum of at least 20%.

 

5)      Cash Flow: Plus One Properties will only acquire properties that will produce cash flow upon property stabilization.

 

 

 

 

 

 

 

 

 

·       Long track record of successful completed projects

·       Investors do NOT have to sign on loan documents

·       Holding period expected to be 2-5 years

·       Real estate provides excellent tax shelter and is a great hedge against future, predicted inflation

 

 

·       5 unit building, adding a 6^th legal unit

·       Current property layout has 8 total bedrooms within the apartment complex.  Renovation plan includes 13 bedrooms upon completion

·       Current rent roll of property: $5560 per month

·        $9740 proforma rent roll after renovations

·       Anticipated increase to NOI of 86.3%

·       $820,000 purchase price. $1.4M value after renovations at 6.0% CAP rate

 

 

·       $34,000 per “Class A” investment Unit

·       14 Total “Class A” investment Units available

·       Each investment Unit represents 5.0% equity ownership

·       25%+ expected internal rate of return year one

·       Regular cash flow distributions expected to begin Q3 2010,

With anticipated $300 distribution per quarter, per share

·       Subscription and payment deadline is May 15, 2009 unless sold out or deadline extended