Updated about 10 years ago on . Most recent reply
10 Unit Multifamily in Atlanta (Apartment)
Hey BP! I have a screaming deal for you!
10 Unit Multifamily Apartment in Southwest Atlanta. PM for more details, will be available this weekend for an Open House so please feel free to bring your experts!
The unit needs to finish being rehabbed. Will send pictures after this weekend.
Mix: 6 2bed/1bath and 4 1bed/1bath
Purchase 100K
Rehab 120K
Using Section 8 Rents
NOI 52K (expenses calculated at 55%)
ARV @ 12 Cap is 430K.
Using regular rents for area (30314)
It's 39.5 NOI (expenses calculated at 55%)
ARV @ 12 Cap is 330K.
Contact me at 678-427-2814. Leave a voicemail between 9-5. If you have general questions please post here so others don't have to ask as well.
This is priced to sell fast, so act fast! This is also not for first time investors. I do not want this to be your first project. Unless you have an experienced mentor/partner/gc/someone other than you. I want you to be successful, so this is a warning, but I do not discriminate against money.