Cash Cow Apartment 27 units for sale Highland Court Apartments Value of property at market cap of 8 is $2,406,250 Asking $1,650,000 $1 Million built in equity Owner Financing of $1,350,000 6% 20 year AM and can refinance in one year Thats 11.67 % cap rate on actual - only need to bring in $300,000 27 units with mix of 7-3 bed 2bath, 7-2bed 1bath and 13-1bed 1bath High rents from $935 to $2250 but lots of value add. Rents in area much higher 100% occupied with waiting list Pro Forma with rent raise is $3,121,750 Over one acre and a need for storage units in the area. Dropping some containers would also be a great value add. Other amazing opportunities with this property. Please contact for package Cheryl@goldruleinvest.com 661-618-1618 Must have proof of funds
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