OfflineCAP RATE 12% / 54 Units / CASHFLOW 185K (after all expenses, maintenance, taxes, insurance and mortgage) / NO VACANCIES / WAITLIST OF RENTERS!
This is for Apt. building Investors Austin, TX is a wonderful city! Looking for a decisive buyer who is able to make an offer quickly.
See attached details.
Contact me when ready to make an offer - they would like a quick answer, so a million questions will not do. **Please as direct as possible - a chain will be too difficult with this particular deal.**
**Asking price: $1.6M**
Interested buyer: please submit LOI w/Soft proof. (PM me only if willing to submit- real buyers please, able to fund & close)
There is 4% commission in addition to purchase price - please be prepared. (see below) - there will be a FEE agreement and buyer will need to sign it.
Complex fully occupied - no repairs needed.
Buyer pays commission of 4%.
Let me know if interested. If you are interested, a LOI and POF are needed to move forward.
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The apartments in Nacogdoches Texas have been remodeled and the rents are under the housing authority’s avg rent per unit.
There are 4 apartments that can be added to the rent roll once a new owner takes over.
The current occupancy is 100%.
This property is a very nice investment. Yes the units are older but the current owner repaired and remodeled the entire complex. Yes there aren’t 100 units or more but the 54 that are there have been full for over a year and there are applications in office to fill up any vacancies.
A waiting list for openings.
What we need to understand is the work has already been done and that’s why the cap is so appealing. Who wouldn’t want to spend a couple of thousand dollars and get 14% on their money.
Please @@@look@@@ at this deal and sell everyone you know on it as it is a clean, high cap, cash cow money maker in a Texas college town. The pricing started at 2m then went to 1.8
We are now at the lowest figure available 1,600,000
We need an loi with a quick close.
There are several interested parties at this price we are calling for the final offers by Monday night or Tuesday.
Look closely at the attachments!
bump up, person who brings a buyer that purchases this aparment will get 50% of 1% of the sales price. (At $1.6M that's 8k)
Tammy, how long has this been in the market? Is this an MLS? If not, please email me more details at property70 @ yahoo. com. Or pictures if you have them. I'm gonna send this over to my List of buyers of Multi Units. Thank you. Blessings to all. LA
Everytime you repeat the words "I CAN DO IT" with conviction, you cancel or override your fear and increase your confidence. By repeating this affirmation over and over, you can eventually build your courage and confidence to the point where you are unafraid. -Brian Tracy-
It is not on the MLS, I believe it MAY have been at some point in the past, but I'm not sure. I'm birdogging for a buyer on this one, and sharing 50% of the birddog fee if someone else brings a successful buyer forward. But,there are 3 attachments on this message you can send them.
bimp
drop Jimmybtx a note aboutr this. Him and I have been working on deals lately. I personally have no interest in TX, but he is a principle buyer with his group and this is what they are looking for. Drop him a note with your phone number. He will respond especially after I notify him to expect a note.
Mike is correct, I am a principle buyer with my group. We buy distressed properties. At 12% cap rate but a full occupancy, where is the distress here?
Also, if you want a serious buyer to buy, one's who have money, they are not going to just make an offer without seeing financials and doing a preliminary due diligence.
I have about 20 questions I need to get answers to before we can make an offer. We have ready cash and can provide a LOI and POF but only after we have the right info to make a decision.
Send me a note with your email and phone number and I will provide the same. I am fully prepared to sigh a confidentiality agreement and NCND if need be.
Read your initial post. You mention Austin, then Nacadoches. Two different areas
Sorry about that. I'm not too familiar with the area. Did you dl the attachments? I'll PM you Jimmy!
Are you direct to the seller of this property? Did you have to sign the NCND on this?
Thanks in advance.
I am birdogging a buyer for the wholsesaler who is working directly with the seller. I have not signed a NCND for this as I will give the wholesaler the buyers name. If the buyer ends up buying the property, there is a 1% fee paid to me. If someone has a buyer and isn't the buyer direct, I will give them 50% of the 1% if that buyer is the one who ends up buying the property. Now that I write that out, I wonder if I'm doing it right or not? This is the first time I'm birdogging for a wholesale seller.
I dont see financials on this...
RJB
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of the summary of the expenses. If you are interested in more of the detailed financial reports, PM me and I will get them.