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West Virginia Apartments (21 Unit)

$ 1,008,000
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372
ARV
Seller's estimated After Repaired Value (ARV). Your ARV will depend on your plans for the property. Always do your own due diligence. Then make an offer.
$1
Price
Seller's asking price. Your negotiation starts here. Make an offer. You may get a counter-offer to start negotiations. Make enough offers and you'll get some accepted.
$1,008,000
Repairs
Seller's repair estimate. Your repair budget will depend on your experience and on your plans for the property. Always best to visit the property to finalize your numbers. Then make an offer.
$20
Zestimate©
A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value.
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Comps
Comps are similar homes that have recently sold close to the subject property. Make sure to compare differences in size, condition, and features.
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Rent Zestimate©
A Rent Zestimate® is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property.
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Subject Property and Comparables

# Address Beds/Baths Sq. ft. Last Sale Date Last Sale Price

Description

JV Partner or 2nd DoT needed.

One hour-ish from DC

Purchase Price – 1,008,000

Current NOI – 90,443

ARV NOI – 115,829

  • Both account for 10% vacancy, 10% cap ex, and 7.5% management.
  • All units are currently leased, majority are on month to month

Value Add – Raise rents and fix minor electrical/roofing issues

Valued at an 8 cap, current value of $1,130,537

  • Buying with $122,000 in equity

Increased value 115,829 (ARV NOI) / .08 (cap rate) = $1,447,862

300k for 30%

Bryden – Bryden@Courthouse.Capital

 

 

Address: West Virginia, USA
State/County:
Country: United States
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Property Id : 31961
Price: $ 1,008,000
Property Size: 15 000,00 ft2
Rooms: 30
Bedrooms: 30
Bathrooms: 21
Repairs Estimate?: 20
After Repaired Value: 1
If Rented, Monthly Rent?: 16
NOI (Net Operating Income): 90
walkscore0 / Car-Dependent more details here
Make An Offer Or Inquire Below

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