$48,659 a door - total 41 units for sale.
21 (2 beds & 1 bath) and 20 (1 bed & 1 bath).
Average 90-95% occupancy.
Priced below replacement cost of $68 per square of total 29,272 SF out of 7 buildings.
Close to 50% tenant is from Section 8.
New roof for all 7 buildings are underway. It will be delivered with new roof for a $130K value (please see pictures)
Section 8 pays:
Up to $1147 for a 2 bed 1 bath voucher (please see attached flyer and OM for more info)
Up to $959 for a 1 bed 1 bath voucher (please see attached flyer and OM for more info)
Buyer can add value by increasing more Section 8 tenants for better cash flow.
Section 8 pays the section 8 portion of the rent on the 1st day of the month to the landlord’s bank account.
Fully renovated interior in 2022.
Decent size apt with granite counter top in Kitchen and bathroom.
Mix of central, wall and window HVAC and A/C units throughout the buildings.
Please call 334-604-3856 or email at 534mgm@gmail.com for more info.