We're just not willing to give up on these apartments. We're now looking for an investing partner. Exact numbers are coming from my lender, but the basic breakdown is as follows:
4-unit apartment complex on 1/3 acre
Cave Junction, OREGON
As-is Income-based Valuation: $256,000
After rehab Income-based Valuation: $302,600
We're just not willing to give up on these apartments. We're now looking for an investing partner. Exact numbers are coming from my lender, but the basic breakdown is as follows:
4-unit apartment complex on 1/3 acre
Cave Junction, OREGON
As-is Income-based Valuation: $256,000
After rehab Income-based Valuation: $302,600
Estimated Purchase Price: $150,000
Estimated Rehab: $50,000
As-Is Monthly Rental Income: $2,000
After Rehab Rental Income: $2,400
2% vacancy rate
Water/Sewer/Trash: $275/mo.
Looking for Partner to Invest $30,000-$40,000 for purchase
Cash-Out Refi in 3-6 months - Repayment to Investor of $5,000-$10,000 plus initial investment
PM me if you're interested, and feel free to fwd this to anyone else, on or off-board, you think might be interested!
Thanks!
Tracey