25 Unit Class C Apartment Complex for Sale. Fully Stabilized at 96% Occupancy. All 2 and 3 bedrooms. On-site manager and maintenance man already in place. Cap rate at 11.88% on actuals! Huge upside to raising rents since the rents are in the bottom 5% of market area. Existing loan to cover 88% of purchase price can be assumed! Only very light rehab is needed. Two of the buildings need a new roof. I've gotten quotes anywhere between $28,000 for no decking replacement and $47,800 with decking.
Priced to sell quickly at $745,000!
Call or email me for more details!
281-912-1121
amc.property@gmail.com
