Partner/Investor needed to acquire 83 Unit Apt Building in RI

[Tyler Leonard]

Hi All,

I am looking to raise 600K to purchase a 83 Unit Apartment Complex located in Rhode Island. The site is located in a town where I already own 60 units. Purchase price is 3.45 million or 41K per unit. Building is 100% occupied and NOI is on track to do 290K in 2018 based upon TTM data. Rents are well below market ($900-1000 for 1 beds, 1100-1200 for 2 beds, and 1300-1500 for 3 beds) and the site is currently being mismanaged by out of state owner/management company. 

If you are interested in learning more about this opportunity please feel free to PM me.

-Tyler 

[Lane Kawaoka]

1) what is your track record

2) what is the current expenses per unit per year

3) please send me the rent rolls and t12 P and L