Fantastic Cashflow Opportunity for an Investor Who Will Complete the Remainder of This Rehab.
The owner had a personal family situation happen and the rehabbed had to be halted.
Price is $895,000 Firm!
The owner of this 20-unit apartment complex partially rehabbed this complex which includes a brand new $75,000 roof that has a 40-year warranty with architectural shingles.
Also, they have painted the entire exterior.
In addition, 14 apartments have been completely repainted along with new wood laminate flooring.
The complex is 100% vacant and still needs approx. $85,000 of interior rehab remaining. Once rehab is completed this 20-unit Apartment Complex will Appraise for $1,500,000!
The remaining rehab to be completed is 7 or 8 completely new kitchens and bathrooms that need to be installed, and they need interior paint and flooring. In addition, nearly all 20 apartments need new kitchen counter tops, which the owner has already purchased and will stay with the property at closing.
Once rehab is complete, fair market monthly rent amounts are the following…
6 - 1 Bedrooms @ $800 each
4 - 2 Bedrooms @ $900 each
10 - 3 Bedrooms @ $1,000 each
Bonus: General Contractor is willing to complete the rehab for the new buyer.
This property is For Sale by Owner. So, contact the owner directly at the contact number listed here. This Opportunity Won’t Last Long.