Commercial And Residential Rental Property Invest

Business Overview:

Income Producing Investment Portfolio that includes a combination of Commercial and Residential Rental Properties. Includes 22 residential units (apartments) and 3 Commercial Units. All are currently rented with long term leases and Tenants in place who wish to stay. Tennessee locations include the Columbia (2 sites/7doors), Clarksville(3 sites/4 doors), and Mt. Pleasant (2 sites/2 doors) areas. The remaining sight is located minutes away from the TN border in Hopkinsville KY right across the border of TN and includes 9 recently rehabilitated residential units as well as three commercial units. All three locations have Tenants in place and collect a total of $22,616.00 per month. All three locations are in opportunity zones which allow for a tax free transfer assuming the new owner holds the properties for at least one year. Seller is willing to finance $1,000,000.00 of the total sale price. This is a turnkey operation with minimal attention required by ownership. Option to Purchase sites separately or as a combination of the entire investment portfolio. By request of the Owner this sale is required to be structured as a Stock Sale.

-Cap Rate of 10.52
-As Is, Inspections for Information Purposes Only
-Opportunity Zones applicable for all three locations
-Annual Rent $271,392.00
-Montly Rent $22,616.00
-Seller Financing Available up to $1,000,000.00
-No Interior Photos as Tenants are in Place

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Reason for Selling:

Retirement

Additional Details:

Documents:

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