Incredible Opportunity

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Purchase Price: $2,650,000

The seller is willing to consider short-term seller financing on a portion of the transaction, up to $250,000, with terms to be mutually agreed upon.

PROPERTY OVERVIEW

✨ Ace Deals is pleased to present this 42 units Student Housing. 
✨This stunning property has undergone a comprehensive renovation, featuring brand new roofs, upgraded electrical and plumbing systems, fresh sheetrock, and beautifully designed kitchen and bathroom spaces. 
✨These extensive renovations were completed just seven months ago, ensuring that everything is modern and in excellent condition.
✨ It is is equipped with a Property, Liability and Flood Insurance.

PROPERTY HIGHLIGHTS

Property Details:

• Total Units: 42
• 32 Units: 1 Bedroom / 1 Bathroom
• 10 Units: 2 Bedrooms / 1 Bathroom

Occupancy:

• Current Occupancy Rate: 95%
• Vacancies: 2 units (both are scheduled to be rented out within a month)
• Tenant Demographics: Approximately 85-90% of tenants are students
  

Utilities and Expenses:

✔️Owner Responsibilities:

• Water
• Dumpster services
• Yard maintenance
  

✔️Tenant Responsibilities:

• Electric
• Internet
• Other utilities
  

Insurance Coverage:

• The property is covered by comprehensive insurance, including:
  • Property insurance
  • Liability insurance
  • Flood insurance
    

Management:

• A Property Manager has been hired to oversee operations and tenant relations.
  

Call Me NOW!

RYAN - +1 (214) 250-0311

FINANCIALS READY ONCE NDA IS SIGNED. 

DISCLAIMER: The down payment outlined encompasses our consultant fee, a factor we strongly urge you to take into careful consideration. Should you encounter challenges in meeting any associated fees for transactions, we respectfully request that you refrain from initiating negotiations with our firm. While we maintain a degree of flexibility, it is imperative to note that our services are not provided without remuneration.

WE HOLD THE CONTRACT DIRECT TO THE SELLER - THIS IS AN OFF-MARKET DEAL. TO TOUR THE PROPERTY PLEASE SUBMIT A LOI & POF. THIS PROPERTY WILL BE DELIVERED AS-IS!

FOR ANY QUESTIONS OR ADDITIONAL INFORMATION PLEASE CONTACT ME!