OFF MARKET - WEST PALM BEACH, FL - CAP: 9.1%
Asking Price: $4.4M
MULTI-FAMILY PORTFOLIO
Totaling: 37 Units
Total Properties: 9
Total Net: $400,951.84
Cap Rate: 9.1%
NET INCOME INFO:
100% OCCUPIED 10 UNIT COMPLEX, NET INCOME $112,333.00
6 MULTI FAMILY HOUSES( 1 SFH, 4 DUPLEXES, 1 FIVE UNIT) - NET INCOME $176,786.00
2 SIX UNIT COMPLEXES - NET INCOME $111,932.00
Ø Properties built from 1950 - 1967
Ø Cherry picking allowed
Ø 100% Occupied w/ Varies of Housing Authority Program Tenants
Ø No cash paying tenants (Sure income from the county)
Ø No Hassle for Rent
Ø Owner willing to manage properties one year
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An NCND/MFA with a non-binding Letter of Intent and non-invasive Proof of Funds are the prerequisites that need to be submitted in order for additional details to be released to prospective clients.