Looking for a JV partner or to sell this deal. I have an off market value add motel deal that I’m direct with the owner. It’s in Utah. It cash flows, has a restaurant and taco stand. It’s in an opportunity zone.
Price -6.5 million
Appraised at 8.3 million
Can build different variations but 386 units of apts going vertical and Value add on motel. A number of areas. Rooms, amenities, lots of cosmetic, and raise rates and occupancy. Strong demand for affordable housing.