11-UNIT 65% OCC ASKING $175K CURRENT VALUE $196k VALUE ADD $275k

[Shawn Ackerman]

                                                                    11-UNIT  VALUE ADD OPPORTUNITY

Buyer responsible to do their own due diligence. Property sold as-is. $2000 non-refundable, IKRE,LLC is selling it's equitable interest in the property.

Please Email inquiry to Cindy at [email protected].

Current Gross Rents - $4,550 per month(7 of the 11 Units) - Can get $650 per unit X 4 for $2,600 making total gross rent $7,150.00!!

Interior - 10,000 Sqft finished living area

Exterior: Brick

Annual Taxes: $7,500.00

Rent Roll/Lease Agreements/Property Photos available for all qualified buyers.

Current Value -$196K(Based on 7 unit Occupancy) - 11 Unit Occupancy valued around $275K at an 8.5% Cap

Roof 12 Years Old / Updated Electrical  -  3 Mi. from New Milwaukee Bucks Arena, Solid Brick, Solid Mechanical.  Property in solid shape in a high cash flow neighborhood.

Notes: Solid addition to any portfolio. Solid 11 unit in.  Property is in solid condition with solid roof, mechanical,Updated  electrical and plumbing.

Extras: Deal can be purchased with property management(10% of gross rents collected - Negotiable), contractor, handyman, lender, property insurer etc... on day 1!!! Leverage my network for high success.

suggested strategy is buy cash/refi  after value add at 70% of appraised value (Pull out $192K using appraisal of $275K) - Property needs under $15K in Rehab. 

[Charlie Chung]

Hi Shawn,

I sent Cindy an inquiry and her reply was a curt "Do we have POF on file for you"?

While I don't mind the process of some level of screening, I think you should note that in your posting--BP is a community site after all...

-Charlie