WHOLESALE: 8-unit MF: Seller Financing with 42% Cash-on-Cash

[Curtis Yungen]

I have a contract for assignment on an 8-unit multi-family apartment building in North Everett, Washington!

Seller is willing to finance with interest only payments for 7 years!

This is a HUGE opportunity with a 7.5% cap rate and 42% cash on cash!

SELLER WILLING TO FINANCE:

• Contract price: $585,000
• Down payment: $40,000
• First 5 years: INTEREST ONLY
• $30,000 balloon payment @ 5 years
• Next 2 years: INTEREST ONLY

Upsides:

• Fully rented – long term tenants
• Well-maintained building
• Rapidly developing neighborhood
• Near public transit
• Walkable to downtown
• Room to raise rents $20 - $30 per month

Closing date is April 25, 2016.

For the exact location and information on the property, please CALL ME NOW:

Curtis Yungen

541-601-5391