84 Unit MFU - Priced at 8% Cap Rate As-Is

[Matt Popilek]

Someone is going to kill it with this property.

$3.9M purchase price, 8% cap rate off actual income and expense, $545/month Average Rent which is at least $200/month below market. This is 98% occupied, and is owner managed.  Currently cash flowing at $115k/year after debt service.

The Seller has been bitten by a couple Buyers that couldn't perform. 

They are requiring an LOI, proof of funds, and Asset Resume prior to agreeing to terms.

Please email me, and I will send a CA prior to the financials. 

[email protected]

Thanks - Matt Popilek

816-518-5641

[Bryan Zuetel]

@Matt Popilek maybe I'm missing it, but where is the property located?  Thanks.