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Allen

19 Unit

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I have found an excellent opportunity in St. Louis. It is a 19 unit apartment building, asking price 450K. It has been on the market for a year, so the selling price should come way down. Fully occupied, rents 400-500/month. After debt service and monthly expenses monthly cash flow would be $2400. Rents haven't been raised in two years, cold be 25% higher. New rents would raise monthly cash flow to $4000, AFTER DEBTS AND EXPENSES!!!! Problem? I need to find financing. Need 100%, don't have any down payment money. Seller might be willing to take back a 10% second. Working that angle now. Any takers????

 

Me email is rayinvestments@yahoo.com

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