2 buyers didnt have funds/8 want OF-10 unit cash producer Nash TN

[Joe Flanigan]

10 unit complex on the square in Lewisburg TN, 9 apartments with 1 bed/ bath, 800 sq ft, indivually metered, 100% occupancy with waiting list, tenants avg age is 50's, and length is 8 yrs at complex.

Complex has a newly renovanted Commercial space that signed a new 5 year lease in July in July 2017, company leasing is part of a billion dollar organzition and direct wires funds ( $1400 month)

Complex is solid brick, 9 of ten total units has been renovated 100%, has new roof in 2016, has 50 parking spots, no lanscaping as entire complex is asphalt. Has onsite laundry.

NOI is $43,000 yr

Asking Price $ 475,000