Selling My Interest In Cash-Flowing 60+ Unit Property - Memphis

[John Knabel]

Price $2.3

Down $462K - 20% Estimated

Loan $1.8M - Estimated

Occupancy Stabilized 90%+ Actual

GOI $424+

Expenses $230+ - 51%

NOI $194+

Rehab - None. Could use upgrade if you choose

Annual Debt Service $125K+ - Estimated

Annual Cash Flow $68K+

Monthly Cash Flow $5.6K+

I am not an agent. This property has upside depending on what you want to do. I am selling my interest (contract) in the property. I step out, you step in and close. I need cash otherwise I would keep this for my portfolio. Contact me if you are interested.

Thanks,

John

[James Wachob]

Looks interesting. Let me know how this one goes.