200 Units. 100% Occupancy with a long waiting list!

By
Services for Real Estate Pros with 011-972-52-7700588

This is another HUD Section Property, this time in a good location in Jacksonville Florida.
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
 

The Last One Of These HUD Properties Sold Fast!
Don't Miss Out On This One, It Will Not Last! 

 

Please note that these HUD properties require a HUD approved manager. 

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.  


 

Comments (1)

Michael Delaware
North Sky Realty LLC - Battle Creek, MI
REALTORĀ®, CRS, GRI

Wow, sounds like a great deal.  Large property.  Must be on a sizeable piece of land to have that many units.

May 22, 2010 04:42 AM