Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago,

User Stats

2,317
Posts
1,903
Votes
Gino Barbaro
Pro Member
  • Rental Property Investor
  • St Augustine, FL
1,903
Votes |
2,317
Posts

Closed 128 Units in Knoxville, TN @ 69k per door!

Gino Barbaro
Pro Member
  • Rental Property Investor
  • St Augustine, FL
Posted

Late Friday we closed 128 units in Knoxville, TN. 

Deal Summary:-2005 Build-$69k per door-

Majority 2 beds with some 1’s&3’s-. Average rents are $700, and are going to go to $1,200. We own the property next door!

$450k seller financing- We used a Community Bank and got an 80% Loan to Cost loan.

Going to refinance when rates drop. 

$80k + median income

The deal appraised for just under $16,000,000!

Loading replies...