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Updated over 10 years ago,
I would like a professional opinion if this is a good deal and would 100% financing be possible for this deal.
The property is a 20 unit apartment complex located in Atlanta GA. The asking price is 470,000. The repairs is 398000. The as is value is 842,000 the ARV is 930,000 on a cost basis and 914,000 on an income producing basis. The NOI taking in account for a 10% vacancy is 77,000. Permits in place. Is this a good deal or not? If it is would it be possible to receive 100% financing for this deal.