OHIO 98 Income producing assets .45 + 3

[Pearl Zavertnik]

SUPER DEAL ON PORTFOLIO PURCHASE IN OHIO AT .45 ON THE DOLLAR

TAKE DOWN PRICE IS $3,614, 760 PLUS 3%..................Seller is retiring.

Rental income: $58,751.59 per month.

Total 98 properties.

Buyer or direct to buyer only, Please.

[e-mail]

[Tom D. Muniz]

Pearl:

My buyer may have interest in this. I need more details in order to proceed. Do we need to buy all or nothing? Are these SFH or commercial. Are they notes or properties? All performing or not? Rehab needed or not? Please let me know; thanks!!

Take care,

Tom Muniz

[e-mail]

Ps any preliminary info you can provide would be most helpful for my buyer to proceed. Thanks!

[Pearl Zavertnik]

Hi Tom,

The asset is for sale as a portfolio.
Total 98 Buildings and it is all SFR except:

• 3 multi units, 
• 9 commercials and
• 3 land parcel. 

All except the land is bringing in the rent.

Monthly rent is $58,751 at asking price is $3.615M.  Looking at straight numbers, this brings in 19 cap.

Current outstanding loans are $1.81M, monthly payment: 14.8K. 

The sale is for the real estate properties.  Regardless of rehab, these are rentals with the tenants.  These are not REOs with light to medium to heavy rehab properties.  These are best served as is (rentals) for someone wanting a steady income.

Regards,

Pearl

[Gervais Birangui]

Are they houses or multifamily units??

Thanks

[e-mail]

[Pearl Zavertnik]

See reply to the previous inquiry.

This asset is no longer available.

Regards,

Pearl