Updated over 9 years ago on . Most recent reply
New investor looking for advice
This is an ad that was posted a few hours ago and I'm wanting to know the best way to go about it...
24-Unit Multifamily Investment Opportunity! Fully leased and occupied 1-BR / 1-BA apartment complex on Dahlgren Road in King George, VA just 1-mile to Dahlgren Naval Support Facility. Property consists of six (6) 4-unit apartment buildings. Property has been professionally managed by local, 3rd party management firm -- opportunity to increase NOI by 10% + more through self-management. Renovations to 4 of the 6 buildings include new windows, siding and gutters. 5 of 6 buildings have new roofs. Monthly rental income of ~$18,000/month. Strong rental history with units rarely ever vacant and waiting list. NOI is ~ $115,000. Sale is by owner/agent. Co-op brokers welcome.