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Description

Twelve-unit multifamily property currently 100% occupied and stabilized under the same owner since 2004.
The owner handles all physical maintenance, management and leasing,  without any computer software or electronic systems, leaving a NOI of $88,000 from tax returns.
Seller financing available with 50% down.
Units: 12; Price per unit: $116,666; NOI: $88,309; Cap rate: 6.31%

Investment highlights

  • Tremendous Value-Add Opportunity
  •  Seller financing available with 50% down
  • Stabilized $88k Income at Takeover
  • Tremendous Value-Add Opportunity
  • Long-Term Tenant Base

 

INVESTORS / END BUYERS ONLY. No Agents.  

For more information, fill out the form below or email dluxjed@gmail.com

The information provided, including but not limited to SqFt, lot size, measurements, CAP rates, NOI, etc have been obtain from third parties. Because any disclaim might be subject to error, prospective purchasers shall conduct his/her/it own verification/due diligence of this information, warranty or representation. Information courtesy of Crexi, Compass.

Address

  • City: Lantana
  • Country: United States

Detail

Updated on April 24, 2020 at 6:31 pm

  • Price: $1,400,000
  • Property Size: 8077 Sq Ft
  • Property Type: Apartment Building, Commercial
  • Property Status: For Sale

Contact info

D'Lux Real Estate Services
D'Lux Real Estate Services

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