48 Unit Apartment - 12.5 Cap Rate

[Kenneth Hester]

Get Instant Equity in a 48 Unit Apartment Complex in Mobile, AL!

Perfect Move-up or 1031 exchange Property

• Are you looking for real passive income?
• Are you looking to multiply your returns in real estate?
• Tired of competing over single family units?

This property has a 12.5 Cap Rate!

PRICED TO MOVE QUICKLY: $1,029,000

Built-in Equity at close: $570,000

This multifamily property offers multiple money-generating strategies:

• Priced to MOVE
• Huge Equity at close
• $151,200 estimated annual NOI
• Upside rent potential
• This property just needs good management
• Has Assumable HUD loan for 550k (no 2nd Mortgage allowed by HUD)

For QUICK DELIVERY of the Property Package, text or leave a voice mail with your name & email address (please spell your email) to 704-776-1059 and a packet will be emailed to you.

[Joel Owens]

Kenneth you left out trailing occupancy average for the last 12 months.

What annual expenses are you claiming off of the 12.5% stated existing cap rate?? 40,50,60 percent to arrive at your numbers.

What year was the building constructed??

What are the terms of the HUD loan and when does the loan come due??

No second mortgage debt allowed kills the cash on cash return even with higher NOI.

If you supply this information on here you might get a better response.