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FREE Info. Apartment Building At A Discount ! ! ! - $5,977 (Birmingham)

    • Posted by: tmpauling | View all ads
    • Profile: Registered user, Active since 05/2011
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    • Price:$5,977
    • Address:Birmingham, MI 48009 (map)
    • Date Posted:07/12/14
    • Size (sq ft):2647
    • Description:
    • Hello and thanks for stopping by this post. The reason I posted is with regards to a business venture that we have undertaken. We are in the process of negotiating an apartment deal. There is a great deal of profitability in it, and I wanted to see if you would be interested. It is an apartment building that has not been on the market as of yet. I can send you the details and here is an overview of the deal > > >

      Property Value: $5,750,000
      Purchase Price: $3,950,000
      Total Units: 101
      Rented Units: 88% Occupied

      I have a lender that would finance me for 80% of the purchase price. We are looking for an investor/ partner who will front the 20% down payment ($790,000). We'll pay the investor 5% with a 7 year term, and they'll receive 7% of the net monthly income for the life of their loan. If you know someone who would be interested, please let me know and I can provide all the necessary details. Thanks and have a blessed day.
    Ad ID: 25005258
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