Need Multi- Family property in NOR California, Reno NV, Las Vegas PHOENIX, ASAP

These are our parameters:
  1. Focused on multi-units / apartments in Nor Cal – Phoenix – Vegas – Reno. 
  2. $22,000 - $40,000 per door
  3. 10 – 100+ units per site
  4. B - C area’s and rehab OK distressed low vacancies OK
  5. Have $10 million to invest

Direct Sellers Please no chains

B. Michael White

bwhite@icigroupinc.com.

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Hello Mr White, my name is Sylvia Taylor I see your request and would like to help you out, contact me at

colsylvia954@aol.com

 

Thank you

Sylvia

Mr. White,

 

I have a 173-unit garden style, value-added multifamily complex available in Phoenix, AZ.   Class C Development.  Bank owned asset (REO).  Located on 4.4 acres. 

Unit breakdown: 

61 studio units,

65 one-bedroom units,

26 two-bedroom units.

 

Community amenities include a swimming pool and spa, laundry facilities, a community clubhouse, barbecue grills throughout the community, and covered parking.

 

Unit amenities include kitchen with gas stove, refrigerator and garbage disposal, dishwasher in select units, walk-in closets in select units, and private patio or balcony in select units.

 

All units are submetered for utilities.

 

Asking price:  $4.6M ($26,590 per unit)

Proforma Cap Rate:  8.12

Terms:  ALL CASH

 

Send email to bessilver@yahoo.com if interested.

 

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