12 unit in Searcy Arkansas.. 9-12% CoC · Commercial Real Estate 101

12 unit in Searcy Arkansas.. 9-12% CoC

I have this 12 unit under contract, it’s across the street from a private Christian university called Harding University. I’m looking for someone with capital and that would like to have equity in the deal. If you would like to hear more about it DM ME OR Reply below

Lender already lined up with a 6.4% rate 25 AM 20% down

Few details :

Price : $900,000

Current NOI - $82,080

2bd 1ba

Light rehab($30,000)

9.12% cap

Rent : $1,000 a unit

Occupancy : will be 100% before closing ( 2 are vacant)

1 comment