GP or LP 28 Units Upstate NY

[Garreton Smith]

Deal Breakdown

Area is super solid and is a great rental market (property always at 99% occupancy)

Offer Price $2,300,000 (nego)

Construction reserves + acquisition fee $300,000

$2,600,000 All in

Numbers

Based off pro- forma

Market rent roll annual - 

$383,700
-5% Vacancy
$364,515
-$95,606 (expenses annual)
-$136,284 (debt service) Quotes Freddie 30 year ARM 5 Fixed loan @6.84%
(based on loan amount for $1,735,000 no cap ex)

=$132, 625 Cash flow

KP or LPs needed flexible terms! Need to get this deal closed