Investor · Watertown, NY · Member since 2015 · 225 posts · 88 votes
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.
I will get you something by tonight. If you have someone you want to go look at it, I will have an open house starting at 12 on saturday. I know it's labor day weekend, but someone has to work :)
Investor · Watertown, NY · Member since 2015 · 225 posts · 88 votes
11y
Thanks bud! I have so much to give back to BP for teaching me a lot. In fact, if the person who I want to buy this gets it, I am going to gladly tell the story or at least what they will let me say.