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32 Unit in Vincennes, IN 47591
32 Units Vincennes, IN 47591 💰 Purchase Details Purchase Price: $2,000,000 ($62,500/unit) - Down Payment: $400,000 - Seller Financing: $1,600,000 (~5.1% interest) - Monthly Payment: ~$8,500/mo 🏢 Property Highlights - 32 one-bedroom, one-bath units - Two-story garden-style Class B community - Renovated in 2023 & 2025 - Adjacent to Vincennes University - Located in a Qualified Opportunity Zone - Value-add upside through lease-up (12 vacant units) 📊 Financials (Actuals) Current Performance (T12 / In-Place) - Gross Income: $187,180 - Operating Expenses: $38,289 - Net Operating Income (NOI): $148,891 - Current Cap Rate (on $2,000,000 price): 7.44% - 11.7% cash on cash return  -  Conservative proforma cash on cash return  17+% 📈 Pro Forma - Conservative NOI: $170,000 - Pro Forma NOI: $213,693+ (as provided) - Upside driven by: - Lease-up of 12 vacant units - Rent growth on stabilized occupancy - Operational efficiency gains 📌 Value-Add Thesis - 20 / 32 units currently occupied - Immediate NOI expansion through lease-up - Renovated asset (2023 & 2025) - Strong spread between in-place yield (7.44% cap) and stabilized performance -
A FEW MORE FOR THIS WEEK
92 Units (2 Properties) - Location: Daytona Beach, FL - Asking Price $11.85M - NOI & Cap Rate: $883,725, 7.45% - 80% occupied - Assumable Loan __________________________________________________________________________ - 67 Units Portfolio - Location: El Campo, TX - Asking Price $3.35M - NOI & Cap Rate: $337,170, 9.9% - 97% occupied - Consists of SFH's and duplexes - Seller Financing terms from seller I can either do 3.4M cash/hard moneyOr2M down with 1.4M financed on in a FIRST position by the seller at 6.5% on a 20yrAM ___________________________________________________________________________ - 175 Units SFH Portfolio - Location: Lubbock & Odessa TX (Most located in Lubbock TX) - Asking Price $12.5M - NOI & Cap Rate: $900K+, 7.2% - 92% occupied - Seller financing in 2nd position will be considered Seller Financing Terms - Purchase Price $12.5M - Cash at Closing $2.5M - Debt in Place $6.5M (wrapped) - Seller Carry: $3.5M in 2nd position @5%, year balloon - Close in 30-45 days _____________________________________________________________ - 46 Units - Location: Monroeville AL - Asking Price $3.2M - Recently appraised at $3.8M - NOI & Cap Rate: $263,008, 9.40% - 90% occupied - Built 1975 - NO seller financing
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3 DEALS 1 POST
- 44 Units Portfolio - Location: Pine Bluff, AR - Asking Price $2.6M - 82% occupied - Current rent is $24K/month, $283K per year - Consists of SFH's and multi units __________________________________________________________________________ - 64 Units - Location: Fairborn OH 45324 - Asking Price $6.45M - Cap Rate: 7.5% - 92% occupied - Built 1965, renovated 2021 _________________________________________________________________________ - 19 Units (14 x Luxury Residential Units on 1 yr leases, 5 x Commercial Units on 3 yr leases) - Location: Bainbridge, GA 39817 - Asking Price $4.55M - NOI & Cap Rate: $305,040, 6.7% - Built 1903 (Renovated 2025) - 100% occupied - Consists of 1-3 bedrooms residential units - Value Add, 4,000 usable sqft to put additional 4 x 1 bedroom, 1 bathroom apartments in center of building
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RV PARK & House 70 sites (PA)
RV Park (and House) FOR SALE: $595,000. Located within 150 miles of Pittsburgh, PA. Currently in operation mid-April to mid-October with approximately 70 RV sites and 10 tenting sites, almost all with water and electricity service. Currently 29 occupied by repeating, all-season guests. The 16 acre property is in its own tree-laden valley, with generous space between shady sites. Has all the usual: swimming pool, playground, camp store, laundry room, bath house, game room, play field, dump station, etc.PLUS Includes large apartment for property manager, spouse and children (3-4 bedrooms, 1-1/2 bathrooms). EBITDA (earnings before interest, taxes, depreciation and amortization) for the past five seasons averaged $145,000. Approximately $200,000 in seller financing is possible.
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Sonora Texas motel and RV park for sale
Off Market (FSBO)Motel & RV Park Available for sale! 25 Unit 18 RV Spot Available Dual Income opportunity Sonora Texas, Off Interstate I-10 West Texas Price $495k - Owner moving Low Maintenance & Property Tax ($3300/year) 2025 NOl 72k, no competion only independed motel in town No information will be shared without visiting property
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Sonora Texas motel and RV park for sale
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