Updated almost 3 years ago on . Most recent reply
Multi family property
Hey, guys! I was wondering if someone can break down this summary for a property in detail!
"Portfolio of 2 buildings on the same lot with 6 units each (12 units total) at a price of $770k. Owner financing/seller carry via master lease-to-own contract is available. The terms are 25% down payment, with a master lease of $3,930 a month = equal to 75% of the current NOI (equivalent to 20 years amortized, 3 year balloon, with 5% interest rate)."
They are only selling 6 units.
PP: $485k (6 Units)