Price: 900,000 USD
This is a apartment for sale with 15+ bathrooms and 15+ bedrooms on 6030.00 m2. The area of the land is: 8053.53 m2. This property has the following features:
Appliances,
Pet Friendly,
Terrace,
Laundry Room,
Office Room,
Parking.
The price of this real estate is: 900,000 USD.
Hello. We are Danny Newberry and Garry Whiteley of Value Investment Group. We are currently doing our due diligence on a 48 Unit apartment complex in Oklahoma City and seeking capital partners for an equity position on the project. The deal offers very attractive financing terms with a lot of room for upside. The project currently has a positive cashflow. Value Investment Group has successfully negotiated acquisition terms of a $900,000 purchase price with $600,000 down payment, Seller to carry the balance at 5.0% for 36 months amortized over 30 years with an option to extend an additional 24 months at 6% interest. Balloon payment in 60 months. 45 days due diligence period with a 10 day close. The $600,000 down payment will be supplied by a bank. Capital improvements needed are estimated at $200,000 plus a reserve account of $50,000. Total investment Required is $250,000. VIG will supply $50,000. Please contact Danny for more info. 435-590-9095
Property Details
| Location |
Oklahoma City, US |
|
Property type |
Apartment for Sale |
| Number of Bedrooms |
15+ |
| Number of Bathrooms |
15+ |
|
Date Posted |
2012-05-09 23:07:19 |
|
Last Changed |
2012-09-25 00:00:00 |
| Built area |
6030.00 m2 |
| Land area |
8053.53 m2 |
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