Seeking JV Equity Partner / EMD Funder â Mobile, AL (32 Units)
Iâm looking for an equity partner to JV on a 32-unit multifamily acquisition in Mobile, Alabama (turnaround / âadult flipâ style deal). Deal Highlights: - Purchase Price: ~ $21,875 per door - Total Units: 32 - Current Occupancy: ~50% (primarily deferred maintenance-driven) - Stabilization Budget: underwriting roughly ~$400,000 to cure deferred maintenance + stabilize operations - Business Plan: stabilize + refinance in 18 to 24 months (market-dependent) - Exit Value Range (Illustrative): ~$1.6M â $2.1M (depending on stabilization results and exit cap rates) Capital Need: - $70,000 EMD - Partner to remain in the deal post-close as equity This is a true JV opportunity with forced appreciation potential, early liquidity potential via refi, and long-term cash flow/upside. If this fits your profile and youâre interested in reviewing underwriting and structure, feel free to DM me.