Indiana - 83 Units WHOLESALE RTO/Rental PKG - Asking 72% of Value - Mixed SFR & MFU - 16% Cap Rate

Indiana - 83 Units WHOLESALE RTO/Rental PKG - Asking 72% of Value - Mixed SFR & MFU - 16% Cap Rate

Package Summary

Property Type = Mixed Multi-Family and Single-Family Units
Location = Indiana
Total Number of Units = 83 Units
Current Occupancy = 84.3%
NOI = $319,512
Cap Rate = 15.7%
Year recently renovated ==> 95% completed rehabbed
Current Portfolio Estimated Value ==> $2,932,000
Value Add opportunities
21 properties are Rent to own - tenants pay all expenses including repairs. owners maintain Insurance and Taxes.
Current vacancy of about 16 % - Projected vacancy rate is about 9%
Priced to Sell => $2,111,040 Firm (brokers and rep should add their fees - suggested % of 3% buyer's premium)

Additional info will be provided once the buyer(s) execute minimal paperwork

These properties are available as at today, but cannot guarantee availability anytime after.
Soji Oyenuga

Cell: 1-306-262-6299
Rohey Investment & Development Corporation
We Caringly Add Value to People's Lives and Real Estate Properties

"DISCLAIMER: Sender is NOT a United States (nor Canadian) Securities Dealer or Broker. Sender makes no warranties or representations as to the Buyer, Seller or Transaction. All due diligence is the responsibility of the Buyer and Seller, lender or borrower. This E-mail letter and the attached related documents are never to be considered a solicitation for any purpose in any form or content. Upon receipt of these documents, the Recipient hereby acknowledges this Disclaimer. If acknowledgment is not accepted, Recipient must return any and all documents in their original receipted condition to Sender. This electronic communication is covered by the Electronic Communications Privacy Act of 1986, Codified at 18 U.S.C. §§ 1367, 2510-2521, 2701-271

Posted Sep 23, 2016

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