ATTN: INDIANA CASH PORTFOLIO BUYERS! PORTFOLIO OF 100 SINGLE FAMILY HOMES IN FT. WAYNE, INDIANA EXCELLENT OCCUPANCY AND CAP RATE THIS PORTFOLIO SALE IS OVER 65% OFF OF THE FAIR MARKET VALUE NET OPERATING INCOME IS $498,570 MASSIVE DISCOUNT/RETURN ON INVESTMENT ON 100 SINGLE FAMILY HOMES IN INDIANA PRIVATE OFF MARKET SALE PURCHASE PRICE IS $3,331,480 PLUS 3% THIS PRIVATELY OWNED PORTFOLIO SALE IS ALL ENTIRELY IN FT. WAYNE, INDIANA. ALL OF THE SINGLE FAMILY HOMES HAVE BEEN RE-HABBED WITHIN THE PAST 5 YEARS. THE RENTS ARE APPROXIMATELY AT 90-95% OF FAIR MARKET RENT VALUES. THE YEARLY GROSS RENTS ARE $602,424 THE NET OPERATING INCOME IS $498,570 THE CAP RATE IS 15% THE OCCUPANCY RATE IS 91% THE FAIR MARKET VALUE OF THE PORTFOLIO IS OVER $9.5M ALL OF THE ADDRESSES HAVE BEEN PROVIDED UPFRONT TO ALL THE BUYER TO DO THEIR DUE DILIGENCE UPFRONT WITHOUT ANY UN-DUE DELAY. SELLER ASKS FOR NO MORE THAN A 15 DAY DUE DILIGENCE AND THEN A DAY CLOSE OF ESCROW (25 DAYS TOTAL), WITH A 10% EARNEST MONEY DEPOSIT. Protocol To Move Forward: BUYER AND BUYERS AGENT/CONSULTANT SIGNED ASSET SPECIFIC NCND & MASTER FEE AGREEMENT, BUYERS COMPANY WEB-SITE (FOR BUYER VETTING & BUYER REGISTRATION WITH THE SELLER) AND A BUYER SIGNED ASSET SPECIFIC LETTER OF INTENT. BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYERS PACKAGE OR THE BUYER MAY PROOF UP TO THE SELLERS SIDE DIRECTLY.
Posted on: Sat, 23 Nov 2013 02:22:59 +0000
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