Specialist · Long Beach, CA · Member since 2011 · 877 posts · 398 votes
We are selling an 11-unit property located in Birmingham AL. All units are leased up. Renovation is completed. There are nine 2bd/1ba units and two 1bd/1ba units. This is a turnkey property. Gross rents are $72,216. NOI is $49,254. Cap rate is 13%. Sales price is $374,900.
This is a cash deal only due to lack of rental history for bank financing. The property is located in a B class area. Let me know if you are interested. Thanks.
Residential Real Estate Agent, Investor and Mentor · Birmingham, AL · Member since 2013 · 257 posts · 61 votes
12y
Hello Aristotle,
I manage a few apartment complexes and some of my investors may be interested. Please provide further details and I'll forward along. Are you considering owner finance at all?