Property acquired from the lender who in process of foreclosure on the note. We obtained Owner to deliver a Deed in Lieu at closing. Property cash flow excellent figures, with stable strong rental income. Property worth approx. 3 times the purchase price (from 3 Mil to over 9 Mil)




TYPE & CLASS OF PROPERTY

Class C Multi Family


LOCATION

Prime long-term rental neighborhood in Hialeah, FL


SIZE

60 Units


FINANCING

Cash at closing


CAP RATE

8.45%


PLANNED HOLDING PERIOD


This is a buy and hold rental property. No planned exit strategy.


ANTICIPATED RETURN TO INVESTORS

550%

on the money