Invest in

Champion Townhomes

1360 Davenport Rd., Davenport, FL 33837

Video
Gallery

Champion Townhomes, constructed in 2020, is a 132-unit multi-family investment property located near Orlando, FL. The property features excellent tenant amenities, convenient access to major highways, and easy access to nearby shopping and leisure activities. With a 97.7% occupancy rate and several opportunities for value-add, Champion Townhomes provides investors with the unique opportunity to realize stability plus upside in the exceptional Central Florida market.

Play Video

Viewed by 6632 Investors

INVEST

min $50,000

Invest Now

Questions?

Schedule a Call

Chat

Champion Townhomes

1360 Davenport Rd.
Davenport, FL 33837

12.5%

Targeted
IRR1

1.5x

Targeted
Equity
Multiple2

8.7%

Targeted
Cash-on-Cash
Return3

“Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized. Securities are only available to verified accredited investors who can bear the loss of their investment. Please contact FNRP for an explanation of how such numbers are calculated. Cash distributions are not guaranteed.

Highlights

Constructed in 2020 with no deferred maintenance, Champion Townhomes consists of 132 units, averaging 1,242 SF/unit, which are some of the largest units in the market. The 132 housing units primarily consist of two and three-bedrooms (66, 3 bed/2.5 bath townhomes averaging 1,447 SF with attached garages) that feature striking finishes, including granite countertops, stylish wood/tile flooring, top-quality chef-inspired kitchens, elegant modern cabinets, double sink vanities, energy-saving double-pane windows, and much more. The property is nestled approximately 40 miles from Orlando and just 16 miles from Winter Haven. This property is conveniently located near major highways, including 17, 27, Interstate 4, Ronald Reagan Parkway, and Polk County Road 54. Davenport is experiencing rapid growth, with a significant 13.5% annual increase in population from 2010 to 2020.

$27M

Purchase Price

5 Year

Targeted Hold Period

12.5%

Targeted IRR1

1.5x

Targeted Equity Multiple2

8.7%

Targeted Cash-on-Cash3

“Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized. Securities are only available to verified accredited investors who can bear the loss of their investment. Please contact FNRP for an explanation of how such numbers are calculated. Cash distributions are not guaranteed.

Why We're Investing

  • Newly Built, Class A Off-Market Opportunity

    Champion Townhomes provides investors with the opportunity to access the highly competitive multi-family market of Central Florida. The 2020 vintage asset off-market directly from the developer, below replacement cost and sales comparables and providing investors with a ~50 basis point discount on the cap rate. The developer self managed and leased up the property during COVID with no professional management software or systems resulting in below markets rents and providing investors with a distressed acquisition opportunity.

    The operations and rents at the property reflect current ownership, not the property, as it was recently built as a community with top-of-the-line amenities that enhance residents’ quality of life, such as a pool, dog park, washer/dryer in every unit. These amenities set it apart from other multi-family properties and attract residents seeking a comfortable, convenient, and enjoyable living experience. This can result in higher occupancy rates, lower turnover, and increased revenue for investors with our ownership and management.

  • Outsized Investor Return Profile

    This property has the potential to generate superior risk-adjusted returns for investors due to current ownership’s operation of the asset.

    1. The rents at the property are significantly below the market average, providing the opportunity to increase rental rates from day one.
    2. Planned upgrades, such as professional signage and landscaping, pool area cabanas, summer kitchen, fitness center, and additions to the dog park, will make the property even more attractive to residents and prospects.
    3. Implementing professional management strategies, software, and systems will significantly increase the property’s net operating income.
  • Strategic Location, Primed for Growth

    Champion Townhomes, located in Davenport, FL, is perfectly situated in the epicenter of all things Winter Haven has to offer. A short ride to Lakeland or Orlando’s trendy eateries and bars, nature parks, and lakefront activities; without the hustle and bustle of a big city. Situated in an up-and-coming residential area, Davenport has seen a 13.5%* per year increase in population from 2010 to 2020. There are 67,000 people within a 5-mile radius with an average household income over $51,000, making it an ideal location for multi-family housing.

Due Diligence

Map

Viewed by 6633 Investors

INVEST

min $50,000

Invest Now

Questions?

Schedule a Call

Chat

Champion Townhomes

1360 Davenport Rd.
Davenport, FL 33837

12.5%

Targeted
IRR 1

1.5x

Targeted
Equity
Multiple2

8.7%

Targeted
Cash-on-Cash
Return3

“Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized. Securities are only available to verified accredited investors who can bear the loss of their investment. Please contact FNRP for an explanation of how such numbers are calculated. Cash distributions are not guaranteed.

FNRP Track Record

$2B+

Assets Under Management

56

Current Assets
Held

$100M+

Total Investor Distributions
Since Inception

22

Current States
Present

2360+

Investors

11.5M+ SF

GLA Acquired Since
Inception

All amounts are as of 5/01/2023.

  1. Targeted Net IRR (Net IRR): is defined as the annualized, compound rate of return using equity contributions and distributions as they occurred on specific dates during the investment period. Net IRR is reflective of all fees charged and paid to First National Retail Partners, LLC and its affiliates and subsidiaries. “Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized. Securities are only available to verified accredited investors who can bear the loss of their investment. Please contact FNRP for an explanation of how such numbers are calculated.
  2. Equity Multiple (Net EM): the total distributions and remittances to equity investors divided by the total equity contributions from investors during the investment period. Net EM is reflective of all fees charged and paid to First National Retail Partners, LLC and its affiliates and subsidiaries.
  3. Targeted Cash-on-Cash: Targeted average annual cash flow return on invested equity. Please consult annual cash flows (Net-Net to the Partner) in the Financial Model. Cash distributions are not guaranteed.

An investment in commercial real estate is subject to risk, including the risk that all of your investment may be lost. Any representations concerning investing in commercial real estate; to include representations as to stability , diversification, security, resistance to inflation and any other representations as to the merits of investing in commercial real estate reflect our belief concerning the representations and may or may not come to be realized.

commercial real estate deals

Invest in

Champion Townhomes

1360 Davenport Rd.
Davenport, FL 33837

“…In my experience in working with FNRP, I have seen a genuine desire to build trust and forge partnerships with all stakeholders through their transparency and integrity…”

Richard H.

Investor

Welcome Investors

Select the best option to get started.

I Am A Returning Investor
I Am A New Investor
Reinvestment Request

Allocation Request Form

"*" indicates required fields

Please complete this form to reinvest into the FNRP Opportunity Fund. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investment Relations Team.
Your Name*
Email*
Reinvest in Opt Fund*
In order to easily reallocate distributions that you receive, we're providing our partners with the ability to reinvest their distributions from the FNRP Opportunity Fund right back into the FNRP Opportunity Fund! Simply check the box below to select this option or click here for more information.
This field is for validation purposes and should be left unchanged.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
Reinvest in Opt Fund*
In order to easily reallocate distributions that you receive, we're providing our partners with the ability to reinvest their distributions from the FNRP Opportunity Fund right back into the FNRP Opportunity Fund! Simply check the box below to select this option or click here for more information.
This field is for validation purposes and should be left unchanged.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
Reinvest in Opt Fund
In order to easily reallocate distributions that you receive, we're providing our partners with the ability to reinvest their distributions from the FNRP Opportunity Fund right back into the FNRP Opportunity Fund! Simply check the box below to select this option or click here for more information.
This field is for validation purposes and should be left unchanged.

Invest in

Champion Townhomes

1360 Davenport Rd.
Davenport, FL 33837

“…In my experience in working with FNRP, I have seen a genuine desire to build trust and forge partnerships with all stakeholders through their transparency and integrity…”

Richard H.

Investor

Welcome Investors

Select the best option to get started.

I Am A Returning Investor
I Am A New Investor

Investment Request

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
This field is for validation purposes and should be left unchanged.

Investment Request

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
This field is for validation purposes and should be left unchanged.
commercial real estate deals
Please enter your email address to access Deal Lobby Content.