They have an offer but it's a tad low. They will give me a very short,window to get an offer in, but it cannot be below $18m.
If anyone wants to they have to move quickly.
STABILIZED 454U PORTFOLIO IN THE ATLANTA M.S.A. HERE THERE'S PERFORMANCE, MONEY MAKING & UPSIDE
IF YOU HAVE FURTHER INTEREST REQUEST FINANCIALS!
THIS IS A PORTFOLIO SALE ONLY, PRICED AT $18,500,000+fees
ONCE THE BUYER SUBMITS THE LOI/ NCND/MFA/POF/BIO, THE FULL DUE DILIGENCE PACKAGE WILL GLADLY BE PROVIDED TO THE BUYER/BUYER'S SIDE
TO MOVE FORWARD: BUYER AND BUYER'S AGENT/CONSULTANT SIGNED ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT, BUYER SIGNED ASSET SPECIFIC LETTER OF INTENT (LOI TO INCLUDE FIRM PURCHASE PRICE, DUE DILIGENCE PERIOD, CLOSE OF ESCROW DATE AND EMD INFORMATION). BUYER TO PROVIDE A BUYER'S COMPANY WEBSITE AND INFORMATION OF COMMERCIALASSETS THAT THEY OWN IN THEIR PORTFOLIO. BUYER TO PROVIDE A PROOF OF FUNDS UP FRONT IN THE FORM OF AN OFFICIAL BANK OR FUND STATEMENT. PLEASE NO TRANSACTIONAL FUNDING(END BUYER'S NAME AND SIGNATURE MUST APPEAR ON THE LOI, THE VERIFIABLE POF-BANK STATEMENT AND THE FORTHCOMING PURCHASE AND SALE AGREEMENT) THESE ARE TWO PERFORMING AND STABILIZED MULTI-FAMILY ASSET WITHIN 10 MINUTE OF ONE ANOTHER
ONE ASSET IS VINEYARD POINTE, 108U, LOCATED AT 8213 HIGHWAY 85, RIVERDALE, GA 30274; THE OTHER ASSET IS SOUTHLAKE COVE, 346U, LOCATED AT 7509 JONESBORO ROAD, JONESBORO, GA 30236
THESE ARE CLASS C PROPERTIES IN CLASS C BUT VERY STABILIZED NEIGHBORHOODS
THIS ASSET PORTFOLIO IS TO BE PURCHASED "AS-IS"
THERE IS A VERY STRONG MANAGEMENT TEAM IN PLACE SHOULD THE BUYER CHOOSE TO HAVE THEM STAY AFTER CLOSE OF ESCROW
THE IS A SOLID UPSIDE IN INCREASING THE BOTTOM LINE BY RAISING RENTS
THE TOTAL GROSS INCOME IS $2,413,596 ($1,739,096 FOR SOUTH LAKE COVE & $674,550 FOR VINEYARD POINTE)
THE TOTAL NET OPERATING INCOME IS $1,321,953 ($996,362 FOR SOUTH LAKE COVE & $355,591 FOR VINEYARD POINTE)
THE OCCUPANCY RATE FOR VINEYARD POINTE IS 95% & 91% FOR SOUTH LAKE COVE
If you have any questions or would like to make an offer. Please email or call me.
Thanks!
Chetan Tandon
[email protected]
9542451765
Ctenergize.acndirect.com
