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Updated over 10 years ago on . Most recent reply

User Stats

260
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210
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Jack Tucker
  • Real Estate Investor, Flipper, PM, vacation rental, Wholesaler
  • Athens, GA
210
Votes |
260
Posts

Unwilling Inheritance - 346 doors. Fast Sale @ $8M Appraisal @$12M

Jack Tucker
  • Real Estate Investor, Flipper, PM, vacation rental, Wholesaler
  • Athens, GA
Posted

OFF MARKET.  Bank is looking for a Buyer.

346 doors in a major city in the southeast.

Area is undergoing an active regentrification. 

Stated NOI $575k, but at current 58% occupancy!

$350k capEx and professional management can get you to Market NOI of $1.27MM

Market caps at market NOI valuates the property between $15.9 - 18.1 MM.

Send me a PM with your email for the Confidentiality agreement.

Jump on this before it goes public!

Top Performing Properties LLC

Most Popular Reply

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22,059
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14,128
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,128
Votes |
22,059
Posts
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

How does "Bank is looking for a Buyer" go along with "beneficiary new owner doesn't want to stay in Real Estate"?  That doesn't really make sense.

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