Class A multi family Tx huge value add · Commercial Real Estate 101

Class A multi family Tx huge value add

Off market class A 204 unit multi family in Lubbock tx over 94% occupied. Back in December it was only 6% occupied and not completely finished it appraised for $35mm. Not that it's completed and over 94% occupied the bank has requested for a new appraisal. Owner is asking $29mm or $25mm down with big monthly payments. I am direct to the owner and builder. This is a brand new builds. Value add is the rents have never been raised to market rents. There's a huge difference in what the rents are at and what they can be raised to. I'm a connector and I'm looking to connect the end buyer to the owner. Not somebody that knows somebody that knows somebody. Once the new appraisal comes in the price will go up . Way up. If you are the buyer and is interested plz send me a bio and POF to [email protected] then we'll go from there ..

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