9UNITS- Seller Financing Offered
9 Units |SELLER FINANCING @ 12% Down
Marketing description
Stabilized 9-unit property w/ Opportunity for package deal with an additional Tri-plex + adjoining multifamily lot just blocks away. New owner can push returns & value via rent appreciation & some simple low-cost upgrades.
Nice opportunity to own low-maintenance rentals w/ nice & durable Brick builds - both on corner lots.
Property is 4 Duplexes and 1 Single Family side-by-side. Some tenants long term for years with a nice mix of leases. Majority subsidized and some self-paying. Nearby St Aug Private High school, highways, French Quarter, Fairgrounds, and Dillard University.
Perfect chance for investors seasoned or new to cut their out-of-pocket costs IN HALF & cashflow from day one.
Gross Annual Income at ~$120,000 / yr - proforma ~ $144,000/yr
OWNER FINANCING OFFERED w/ terms as follows: Purchase price $850K w/ 12% down - 7.0% on 30 YR AM - Bond for Deed Financing.
Balloon in 24 months and is not negotiable. NO to Seller Second, NO preferred equity.
Other terms may be more negotiable with Package Deal and/or Cash Offer.
Investment highlights
Nice cashflow low maintenance package with Upside + reliable income.
In a neighborhood with redevelopments underway offering further appreciation.
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