Multifamily 20 unit for sale. Off Market deal.
Hey Everyone.
A 20 unit was bought and rehab has started.Out of town investor wants to vacate the market and put funds to work elsewhere.
D Class age building 1964 2 bed 1 bath 450 to 500 rent a month per unit once stabilized.
In Atlanta.Area is not in a war zone but not in an A,B either.
About 11k a door in it so far.About another 100k needed to finish.
Once stabilized 450 X 20 = 9k a month 108k a year divided by 2 = 54,000 NOI
Seller is open to offers.Let me know.
E-mail in sig line for contact.
