Created date: April 28, 2024
Date last updated: July 10, 2024
- Profitable Financial Metrics: Combined gross incomes of $405,600 annually with a potential for increased revenue streams from ancillary income opportunities like late fees and laundry.
- Consistent Occupancy: Exceptionally low vacancy rate, ensuring a steady and consistent rental income.
- Value Proposition: Priced at a 7.96% cap rate, offering substantial returns for long-term investors.
- Community Amenities: Both complexes are within proximity to local attractions, shopping centers, schools, and recreational areas.
- Future Growth Potential: Stigler's favorable real estate metrics and growth trajectory make it an ideal place for sustainable rental demand.
- Seller Financing: Elevating the appeal of this investment is the seller's offer to finance up to 80% of the purchase price, presenting a distinct advantage for investors. Terms remain negotiable, offering flexibility to suit various financing needs.
Property Description
Listed at a competitive 7.96% cap rate and boasting gross scheduled incomes of $220,800 and $184,800 respectively, these complexes represent the epitome of a valuable real estate venture in Stigler. The recent modifications guarantee minimized operational hassles for years to come.