Dallas-Fort Worth Real Estate Investor Club

25 Unit Apartment in DFW with Assumable Loan for Sale!

  • 10 Aug 2009 2:49 PM
    Message # 205426
    Deleted user

    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

    Last modified: 10 Aug 2009 2:49 PM | Deleted user
  • 11 Aug 2009 9:56 AM
    Reply # 205779 on 205426
    Robin Carriger (Administrator)
    David Heinemann wrote:

    25 Unit Class C Apartment Complex for Sale. Fully Stabilized at 92% Occupancy. All 2 and 3 bedrooms. On-site manager already in place. Cap rate at 10.5% on actuals! Huge upside to raising rents since the rents are in the bottom 5% of market area. Existing loan to cover 87% of purchase price can be assumed! Only very light rehab is needed.

     

    Priced to sell quickly at $755,000!

     

    Call or email me for more details!                                       

    281-912-1121

    amc.property@gmail.com


    David, I'm interested, and I'm a qualified buyer.  Please give me a call at 817-300-1132.  Thanks
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