Commercial Properties
$12,000,000 14 BEAUTIFUL Apt. Buildings - Birmingham Al - 90%+ occupancy - Seller wants to retire!
We would like to bring your attention to a fantastic investment opportunity. We have 14 SUPERB quality apartment complexes, all owner free and clear by a single owner who is ready to sell and retire.
Owner/seller has been buying since 1970’s and has kept properties in pristine condition. We are working with a partner/realtor who has this offer and is personally working with the seller. This is NOT on MLS or Loopnet, owner desires a more private approach to finding a qualified buyer.
To receive most current financials to determine Operating expenses, cap rate etc. you will need to first speak with our partner and if you’re seriously interested in purchasing you must be able to verify you are #1- the buyer and #2- provide POF ( letter from bank or bank to bank contact, or other documentation) so seller is 100% confident he is working with genuine buyer who is fully capable of making this acquisition.
We are informed that the current rents are below market and have ample room to be increased, and each building is near or at 100% occupancy. Loans are not assumable since properties are owned outright, and seller is will to carry a small amount for a short period of time not to exceed 1 year.
Properties are located in excellent area Birmingham, near town, the Dome Stadium and all can be attended to easily due to close proximity to one another!