Condo Investment opportunity

[Mark L Watts]

I have an opportunity to purchase a package of 8 bay front condo units with Gulf views and gulf access on the Alabama Gulf Coast. Off the market situation [not listed on MLS]. 3BR/3BA, average 1,800 sq. ft. Great location and amenities. Very unique, well known property with very good reputation. List price is $75K - $100K per unit under what same type units are currently selling for. Exit strategy is based on a 3-5 year plan. I have all the pro-forma info along with current rental income totals, expenses, cap rates, etc... Very good opportunity. Conservative approach with excellent upside.