Seeking Financial Partner for Package of 7 Duplexes

[Dustin Faeth]

Hey BP,

I'm currently in contract to purchase a package of 7 fully occupied, cash flowing duplexes in Columbus, Ohio, and I'm seeking a financial partner for this deal.  

This is an off market deal and the current owner has been self managing these for the past 12 years but getting too old and having some health issues so she's ready to sell.  

There is a lot of upside with this deal to increase rents along with a huge potential for appreciation of property values in this area over the next several years based on location.  Current Gross Monthly Rent is $7,885 ($94,620 Gross Annual Rent), and based on market rents in this area I estimate rents can be increased an average of 30% - 40% overall.  

I'm currently in contract at a purchase price of $575K, with a scheduled closing date of 4/5/17.  If you are interested in being a financial partner on this deal, please send me a message and I can send you more info or jump on a call to discuss details, terms, etc.