Apartment Buildings Sale, Southeast Region

Property Description

Apartment Buildings Sale. 12.46% proforma cash on cash. These Apartment Buildings were constructed 1973. The apartment buildings in this sale have experienced over $2,000,000 of renovations and upgrades in 2006 and the first half of 2007. Renovations completed include some of the following: new cabinets, countertops, and appliances in select units. These apartment buildings recently come out of the lease up phase and reached a healthy point of stabilization. Currently, the apartment buildings boasts an occupancy rate of 93%.

Offered at $9,360,000 or $39,000 per unit, these apartment buildings investment opportunity are priced well below replacement cost in a sub market experiencing a significant amount of investment growth and resident demand.

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