27 Unit Apartment Complex. TRUE 17 Cap with Management in place!

Price:

$660,000

After Repaired Value:

$15,000 / month rent

Repairs:

$40,000

Specs: 

15675 SqFt 

Bedrooms: 33

Baths: 27

Garage: 0

Year Built 1962

Comments

Off Market apartment complex is Wichita Falls, Tx. Currently this complex has 24 units occupied and 3 vacant. It currently has a 17% cap rate with plenty of room to raise rents and get an above 20% rate.See the spread sheet inside and all docs for the past 2 years can validated and sent to you.It does need a little work which is allocated for.15k down. Heb homes. Closes 6/30.Rents are 14500/month.

For More Details, Call ME immediately.  Property is priced to sell!

J.D. Castillo

214-650-5493 Cell