This is another HUD Section Property, this time in a good location in Jacksonville Florida. The Last One Of These HUD Properties Sold Fast!
Please note that these HUD properties require a HUD approved manager.
200 Units. 100% Occupancy with a long waiting list!
Appraised at $9,500,000!
Guaranteed Rents from the Federal Government!
Great Unit Mix, just 4 units per building!
Current Cap 10.1%
Assumable Loan!
Just $750K Cash Gets The Deal!
Priced well below market value at just $36K per door! (Firm) $7.2m
Don't Miss Out On This One, It Will Not Last!
We can assist you with everything you need to own and operate this property. We have HUD approved Management available right away for you. Note too that $750K Cash is the minimum required to purchase this property. Assume the loan and you have a turn key business with guaranteed Federal checks coming in each month.
These are absolute no-brainer deals. Act Fast if you or your buyer are interested.
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