Portfolio Deal (9 SFR and 1 duplex, 11 units total)

[Ryan Beasley]

Asking price: $350,000

He covers the water expense on all the properties on Telfair St. All of those properties are on 1 lot together and the water bill is $2,456/year, all tenants cover the rest of the utilities. He said that rent is due on the 1st, it's late on the 5th, after the 5th there is a 14% late charge, after the 9th there is a vacate notice made and on the 10th they get a warrant. The guy is in his 80's and I'm sure his motivation for selling is simply that he does not want to deal with it anymore.

Here is the current proforma rent roll, he gave me.

[Mike G.]

@Ryan Beasley cani get some more info on this deal: ie: down payment requested. is it negotiable? pictures of the properties inside and out, addresses of the properties so i can see the population and closest metro area etc. . . . . thanks