NASHVILLE TENN., PRIVATE SELLERS PORTFOLIO RETIRING AND SELLING HIS 23 HOMES INCLUDING ZERO LOT LINE UNITS IN AND AROUND NASHVILLE, TENNESSEE -- THESE ARE OFF THE MARKET AND COMPLETELY OCCUPIED WITH MANAGEMENT IN PLACE -- A - 121 = $ 2,351,980.00 + 4 HOME OF COUNTRY MUSIC IS ALSO HOME TO A PRIVATE SELLERS PORTFOLIO OF 23 HOMES FOR SALE THIS IS AN ABSOLUTE TURN KEY PORTFOLIO, LOCATED IN NASHVILLE AND TWO OF NASHVILLES SUBURBS, ANTIOCH AND MADISON THERE IS A PROFESSIONAL MANAGEMENT COMPANY IN PLACE THAT CHARGES 6% OF THE MONTHLY GROSS RENT AND IS WILLING TO STAY ON WITH THE NEW BUYER AS THESE ARE COMPLETELY TURN KEY HOMES AND ZERO LOT LINE HOMES, MANAGEMENT COSTS ARE LOWER AND MAINTENANCE COSTS ARE LOWER THE OCCUPANCY RATE IS AN ENVIABLE 97% THE MONTHLY GROSS RENT IS $19,550 THE ANNUAL GROSS RENT IS $234,600 THE NET OPERATING INCOME IS $136,537, THE CAP RATE IS 5.8% 12 OF THE 23 HOMES ARE SECTION 8 TENANTS 1,321 SQUARE FEET IS THE AVERAGE SIZE OF EACH OF THE 23 HOMES 14 OF THE 23 HOMES HAVE HAD NEW ROOFS REPACED IN THE 2000s 13 OF THE 23 HOMES HAVE HAD NEW HVACS (AIR CONDITIONERS) REPLACED SINCE 2007 THIS IS AN OFF MARKET PORTFOLIO AND MUST REMAIN OFF THE MARKET, PLEASE DO NOT LET THIS GO VIRAL TO MOVE FORWARD:RETURN THE SIGNED NDA TO RECEIVE THE PROPERTY INFORMATION. BUYER AND BUYERS AGENT/CONSULTANT SIGNED ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT. BUYER SIGNED ASSET SPECIFIC LETTER OF INTENT (LOI TO INCLUDE FIRM PURCHASE PRICE, DUE DILIGENCE PERIOD, CLOSE OF ESCROW DATE AND EMD INFORMATION). BUYER TO PROVIDE A BUYERS COMPANY WEBSITE AND INFORMATION OF COMMERCIAL ASSET(S) THAT THEY OWN IN THEIR PORTFOLIO. BUYER TO PROVIDE A PROOF OF FUNDS UP FRONT IN THE FORM OF AN OFFICIAL BANK OR FUND STATEMENT. PLEASE NO TRANSACTIONAL FUNDING.
Posted on: Mon, 24 Nov 2014 19:06:17 +0000