I curently have an off market deal on a 92 unit, all brick, multifamily property is Georgia. Current acquisition price is 65% of ARV ($2,450,000 vs. $3,750,000) and a 16% CAP.
Property don't have any deffered maintenance needs, it can use some updating of the units to bring the rents up to market value. Property is currently at 90% occupancy.
Terms of the deal are all cash at closing, 10 day inspection period, closing in 30.
If you are a cash buyer, with funds available to open escrow on this deal immediately, please contact me through this website or call me (910) 574-2452 to receive NDA and financial information. Serious cash investors only please...