Purchase Price Is Firm At $4,500,000 Plus 5% This Is To Be An All Cash Transaction This Is A Class C Multi-Family Asset With 112 Units. The Pricing Going Forward Is Quite Aggressive To Sell Fast. This Is Based On That This Asset Is Turn Key, Seller Spent Over $1,000,000 On Cap Ex, The occupancy Is 96% Did A Ground Up Renovation, New Mechanical Systems, New Electric, New Appliances, New Flooring, New Fencing, New Landscaping, New Building Interiors & Exteriors, Etc. This Is From A Private Seller And This Is Being Sold At A Discount Of Just $35,714 Per Door There Is A Newly Renovated On-Site ADA Compliant Business Office And Newly Renovated On-Site Laundry Facility. Since The Renovations, The Seller And His Management Team Has Done A Ridiculously Great Job Of Leasing This Asset Up To 96%. The Gross Annual Income Is $737,995 The Annual Expenses Are $292,504 (39%) The Net Operating Income Is $445,491 The Cap Rate Is Approximately 10% Gross Rent Multiplier Is 4.97% Price Per Square Foot Is $38.36 Call for more info @ 574-254-7653
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
