Wagon Wheel Apartments
Hospitality | 13.00% CAP
Marketing description
The property will be delivered as a fully compliant multifamily building. At closing, it will include a fully code-compliant sprinkler system and be properly zoned by the town for multifamily use.
The seller can also introduce a DSCR lender willing to finance up to 75% of the purchase price. DSCR financing is based on the property’s income rather than the buyer’s personal income.
To qualify, the buyer must provide proof of funds of $350,000 and have a minimum credit score of 600.
Qualified buyers will be able to acquire a cash-flowing multifamily asset with institutional financing in place.
The prices we are selling it at are starting points, not limits. Bring your best offer and terms. We value certainty of a close, over squeezing every dollar.
This has potential to be a solid, cash flowing asset. We respect speed and win/win deals that make sense for everyone involved. If it works for you, make an offer and we’ll respond with a yes, no, or counter:
Diverse Unit Mix:
• 18 standard units – each functioning as an efficiency-style studio with bathrooms.
• 2 stand-alone cabins – each a spacious 2-bedroom, 1-bathroom home in the back of the property.
• 1 separate housekeeping unit that can be converted for tenancy.
• 1 Main Owner’s Residence: A 2-bedroom, 1-bathroom home located on-site, perfect for an owner/operator or property manager.
• 2 units for storage, laundry
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