OFF MARKET 10% cap rate... Ready to assign

[Jason Lewis]

Here's the breakdown:

• Purchase Price: $2.8M includes fee
• Address: 333 Millsaps Ave Jackson, MS 39202 =32 units 1605 N West St Jackson, MS 39202 = 28 units337 Millsaps Ave Jackson, MS 39202= Manager's house (vacant and in need of rehab)
• Property Type: 61 units
  
• Building Configuration: 1605 N West Street
• 1/1 - 7 units including 1/1 for office
• 2/1 - 20 units
• 3/1- 1 unit

• Building Configuration: 333 Millsaps Ave - 2 vacant
• 1/1 - 5 units
• 2/1 beds- 27 units

Key Highlights:- About half of the units have already been renovated.
- Renovated units have higher rents: - 2 Beds: $800-$850
- 1 Beds: $650
- Properties bring in around $37,000/month, with room for growth as legacy tenants are replaced with those paying premium rents.

We have all the financials:
- T3 financials for the last 3 months
- Rent roll
- Appraisal
- Property condition report

Financials will be shared once the NDA is signed.

Let me know if this aligns with your investment criteria, and we can dive into further details.

Looking forward to this journey with you!