I'm seeking apartment loans in Memphis TN and Oklahoma City. Here's the details
1- Memphis TN 130 units, Purchase price $799,000. Value add deal. $245,000 NOI. Renovations needed on 36 units- 4k per unit
2- Oklahoma City- 104 unit complex, Purchase price 1 million, only 48 units rented and still $115,000 NOI. 4k needed to renovate units not rented. Once renovation done and 90% of units rented $296,000 NOI