8% CAP OWNER FINANCING 1000 Broadmeadow Dr 60 Unit Apartment Building $3,253,311 CAD ($54,222 CAD/Unit) 8.03% Cap Rate Monticello, MS 39654

Investors here’s a strong cash-flowing 60-unit's property located in Monticello, Mississippi with Hugh upside through lease up and continued renovations . Seller is exclusively considering transactions directly with principals. we are unable to offer a Buyers agent commission at this time
The subject property is a Value-Add Opportunity consisting of five, 2-story and two 1-story multi-family buildings originally constructed in 1980, that contains 60 units and 42,715 SF. Building construction consists of masonry with brick and wood siding on 9.3 Acres of land.
The Property has undone gone recent renovations consisting of new 30 year roof on all 8 buildings, exterior paint, LED lighting, security cameras and updating 40 units. The interior updates include luxury vinyl tile flooring, new lighting/paint, new hot water heater, new countertops and bathroom upgrades. The is a great opportunity for the next buyer to come in and continue leasing and finish out the remaining 12 down units.
Seller will consider financing with 30% Down on a 20 years Amortization with a 3 year balloon @ 6.5%-6.9%. Price and term firm,
HOW TO PARTICIPATE:
Inquiries should be made by contacting Phil King.
DO NOT: contact staff, management, or ownership directly. Interested buyers should submit a Letter of Intent with proof of funds, financial statement, and qualifications.