Direct to Seller, Off Market Mid-Size MultiFam - Jacksonville, FL

[Danielle Fattizzi]

Hi Bigger Pockets,

My company currently has an off-market, direct-to-seller 28 unit apartment building for sale in a C area of Jacksonville, FL. 

• Occupancy is 90% with three units in the midst of kitchen and floor renovations. All three units are spoken for and should be ready for move-in by end of month. 
• With financing (ex: 25% down at 5.5% over a 25 yr amort) this property cashflows $3,041/month and has a deal cap of 9.3%. The ARV is $1,186,000.

PM me your email address or post it below and I will forward info. This is an ideal value-add opportunity with plenty of room to increase rents to meet market averages. 

Danielle