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Updated about 7 years ago on . Most recent reply

User Stats

462
Posts
200
Votes
Brit Foshee
  • Investor
  • Fort Myers, FL
200
Votes |
462
Posts

Off Market Value Add 20 Unit in Alabama

Brit Foshee
  • Investor
  • Fort Myers, FL
Posted

20 Unit Value Add Opportunity in Montgomery Alabama.

18 of 20 units leased with rent increases needed.

Some repairs have been made, but additional repairs will be needed.

Currently brings in $8,000 a month with around $2500 in monthly expenses.

Room down stairs that is perfect for laundry to add additional income.

Possible to increase gross rents to over $10,000 a month.

Asking $695,000.

We believe it's possible to push valuation to $1,000,000 with the right team.

Offering

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