Updated over 1 year ago on 12/30/2023. Most recent reply

Seeking Investor Partner or A Cash Buyer For 12bds 6ba 3681 sq ft zip 38105

Posted December 30, 2023 15:52

My jv partner has this 12 unit multi family under contract. I'm supposed to find a cash buyer. However the longer I look at this deal, the more that I want to own it. Because it's been fully remodeled. It's in a very nice neighborhood. 12 doors should easily pay the mortgage if it's even half occupied. My partner is asking $450K for this. Zestimate is going up! It's $463 now. I think that my partner would take $400K maybe less. I've agreed to not advertise this online. So I can't include the address unless I'm talking to a potential cash buyer. I want to be that cash buyer but I can't qualify, so I need a partner. Who is interested?

Thanks!

What Zillow says about the property...Complete renovation

Lifetime architecture shingles

Exterior/Interior Paint Job

2 - Ton Goodman Hvac system to include new ducts

Utility service rebuild- new meter sockets, disconnects and panel boxes, hardwired smoke detectors tamper proof sockets with arc fault protection. New light fixtures

New Plumbing water supply and shut off values. New 30gallon hot water tank

12x24 porcelain tile through units new base board quarter round

New cabinets satin nickel hardware with granite countertops and gooseneck faucet/ 60/40 undermount sink

New interior exterior doors and knobs with full glass view storm doors

All stainless steel kitchen appliances with microwave vent hood combo and double stack washer dryer

Energy efficient argon has double insulated windows with tilting window sash

Complete bathroom remodel with Push button toilet

New railing system
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What the seller loves about this home

In the newly developing Medical District, located in the heart of the city. (Cash offers)
5 mins from Downtown, located blocks from ST. Jude, The Veterans Hospital and Lebonheur Childrens Hospital. Home of many Developing areas