Remarks:
14-unit apartment complex that is a perfect value-add opportunity for the right buyer. Some units have not been updated, this will allow the new buyer to update and bring all units to market rents. The current owner has successfully increased NOI by 30% since purchase almost three years ago. But further NOI increase is only possible with updates to the units. Please note: 1. The property requires many updates and repairs. Some units may not be rented unless repairs are done. The property is being sold as-is with no repairs of any kind to be done by the seller prior to sale. 2. Seller will give priority to all-cash offers with no contingencies with proof of funds. 3. Seller will give priority to any offer with a large earnest money deposit. 4. If you are planning on getting financing, ensure your lender/bank is aware of the condition of the property. Bring in offers, Owner is willing to partially owner finance. Reduced by motivated Seller!! Property appraised @ $390.000.
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