19 SFH PA Renovated Homes Portfolio - 9 CAP $1.082MM

[Mark Gallagher]

C+ class. TURNKEY - All newly rehabbed, some units with granite counter tops and higher end kitchens. 

Most units in Schuylkill County PA. 

Great existing tenants, 1 currently in eviction. 

2 units are significantly below market rent due to special arrangements which will be up soon. Once at market, 9.72 CAP.

9 CAP is with 5% Repairs, 10% PM, 5% Reserves

Most units have new HVAC, some new roofs, overall good quality. Vacancies and turn over are low. 

Will stay on as PM for free for 6 months or as negotiated. Selling to focus on fix n' flip business.