Property Description
This is a private property only being shown to qualified buyers, preferably no syndicators, unless you have 1031 funds to place. A Confidentiality Agreement and Buyer's Representation must be signed before any property information is provided.
288 units
- B Class Property / B Class Neighborhood
- 1980?s Construction / Pitched Roofs
- Property is priced based on Actuals with increased taxes and insurance shown at $180/unit. Property is currently 80% occupied?Value Add in Lease Up!!! Complex also has some of the lowest rents compared to area competitors.
- 7.6% Cap / 10% COC
- Assumption Only with 20% down: 10 year Loan with 5.75% Interest. Assumption Fee 1%
- Principals Only
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