Solid 8 Unit Apt Bldg with Seller Financing · Commercial Real Estate 101

Aug '25 (edited) • I GOT A DEAL!

Solid 8 Unit Apt Bldg with Seller Financing

I am offering an assignment of this contracted 8 Unit building; willing to negotiate assignment fee.

Purchase price - $850,000

Down payment - $206,550 (Approximately 24.3% of purchase price)

Monthly payment - $700.00 principal only (Taxes and insurance will be paid by the buyer and are separate from this payment.)

Approximately $40K in CapEx

Looking to wholesale

Term – 60 months

Balloon payment at end of the term for remaining balance

Approximate balance at time of payoff - $601,450

Seller will net $850,000 for the property over 60 months

A solid all-brick 7-unit apartment building, along with a separate single-family home on the same corner lot, delivers 8 fully rented units.

At the corner of 13th street and Allo avenue, it's a predominantly single-family home neighborhood. just a few blocks behind West Jefferson Hospital, the building is approximately 4,392 sq. ft.

The seven units consist of five studio apartments, one 1-bedroom, and one 2-bedroom. The detached house (unit E) is approximately 792 sq. ft. All units are currently occupied.

This property has a historically low vacancy rate due to its location and rent value. the current cash flow is $6,535, with projected rents up to $8,185 after a slight increase of each unit.

The tenant amenities include balconies on the second-floor apartments, central air & heat, an on-site coin-operated washer/dryer room, and a parking lot. each unit has its own electric meter (except unit h). While the water is on a single meter and is paid by the owner (approx. $400 a month), there is no gas service to the buildings. The roof was replaced after hurricane Ida in 2021. It is an "x" flood zone; the seller does not have a flood policy.

Please let me know if you are interested, I can be reached at admin@nbghomesolutions.com or 904-874-5249

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