Here are the details of this smaller off market deal:
7-Unit Package: A 5-Unit Building PLUS a Duplex
Each unit has separate electric and gas meters, meaning tenants cover their utilities
Highly Desirable, Upscale Neighborhood surrounded by beautiful homes
NOI: $68,458
Based on national cap rate of 7%, the value of property is $977,971
Seller Ask is $385,000, and at least 10% cash for EMD and 30% down payment for Seller financing.
I am looking for an investor or 2 who can help me with the EMD and down payment.
If you are interested to learn more, please comment below and like this post!
Thank you for reading!