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U.S. state of Tennessee,
and the county seat of Shelby County.- Tennessee
$5,616,000.00
326 Unit Multifamily - Portfolio 11% CAP
This multifamily portfolio is comprised of 326 rent-able units, spread
amongst 12 complexes, all within close proximity of each other, located
in Tennessee. There is a tremendous upside to the property.
With a minimal stabilization effort, the resale value with $1,162,671 in
NOI and resold with a CAP rate of 8%, makes the potential market value
for this portfolio over $13,000,000 with only an 80% occupancy rate.
Highlights of The Portfolio:
- 11.00% Current l CAP Rate
- 22.00% Proforma CAP Rate
- 326 Doors (346 Potential)
- 346 Doors @ $17,227.00 / door = $5,616,000
- 0.54 Acres of "Free Land" with $148,500 market value
- All rents below market value (huge upside potential)
TO MOVE FORWARD: MUST HAVE NDA SIGNED
USE THE BLUE DROPDOWN AND REQUEST IT. We have the OM for the buyer to review.
- BUYER AND BUYER'S AGENT/CONSULTANT* *SELLER ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT*
- BUYER SIGNED ASSET SPECIFIC LETTER OF INTENT.*
- BUYER'S COMPANY WEBSITE OF RETAIL CENTERS IN THEIR PORTFOLIO. *
- THE BUYER MAY PROOF UP TO THE SELLERS SIDE DIRECTLY.*
- BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYER'S PACKAGE.
- BUYER SIGNED ASSET SPECIFIC LETTER OF INTENT.*
- BUYER'S COMPANY WEBSITE OF RETAIL CENTERS IN THEIR PORTFOLIO. *
- THE BUYER MAY PROOF UP TO THE SELLERS SIDE DIRECTLY.*
- BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYER'S PACKAGE.
