12 unit Apartment Building in Point Pleasant

[Michael Evans]

Hello, I have an off market 12 unit apartment building under contract in Point Pleasant WV. Im looking for local investors who know the area and can give me some insight on the area. Rent estimates are $450 to $500. 4 1/1 and 8 2/1 units. 2 units rented and 2 units rental ready. 8 units in need of complete rehab. Purchase price is $179K My estimated ARV $388K with a 10 cap. Im also open to partnering with an experienced local investor. Building was completely boarded up and vacant, current owner has justified about $60K in repairs and just wants to unload this one off his plate. I am not a wholesaler, i am a buyer anyone interested let me know.