Posted on August 04, 2010 by admin

These Charlotte multi family units has great cash flow potential! All units have been totally remodeled inside. This 6-unit multi family apartment can be purchased via owner financing with a down payment. Two of the six units are rented for $500/mo each. Of the four remaining units, 3 needs new hvac units, four of them need gutters, and two of them need some minor work done on the roof. We have an estimate of the damages that cost approximately $12K. All units are two bedroom, one bath, 700 sq.ft., and no repairs needed in the inside. The rents are $500/mo for all the units, when all vacancies are filled, this property will bring in $3K/mo. Yearly expenses are approximately $8K. Do a drive-by and contact me to view the inside. This will definitely be sold FAST! Take advantage of the market!

Posted on December 09, 2009 by admin

SUMMARY Greensboro Commercial Wholesale Deal boasting a Potentially 14.3% Cap Rate! Apartment consist of 3 buildings, a 2-story apartment building, 3-story apartment building, and a house used as the property management office. There are 17 total apartments, all bedrooms have there own bathrooms. The unit mix is 10 – 3bedrooms and 7 – 2bedrooms for a total of 44 units, bedrooms and bathrooms. Each apartment needs an HVAC unit. The walls will need repair where the copper condensation lines runs through the rear wall of each unit. The home is a 2 bedroom 1 bath property and has been updated and sits on the corner. The 2 story building does have a Riser Room and is on a centralized sprinkler system monitored by the Fire Department. The 2 story building was not required to have a sprinkler at the time of construction. Most of the units, with the exception of a few, have all appliances or select appliances. The units were completed when built in 2005 and have CO’s for each building. They currently need repair and cleaning due to being vacant and vagrants .