SELLER’S STORY

The sellers wanted to accomplish 3 things; no longer deal with the responsibility of property management, keep a monthly income in place, and mitigate their capital gain exposure.

By selling and providing private financing to the buyer, they were able to accomplish all of the above. The buyer put 35% down payment and the seller carried the remaining balance in the form of a First Trust Deed at the rate of 6.5% for 10 years.

HOW DID WE DO IT?

• Kris German Represented the Seller & Buyer
• Utilizing Our Proprietary Bid Platform, Multiple Offers were Received & the Property Sold Over the Asking Price
• 5,300 – Direct Mailers Sent to Internal Investor Database
• 6,400 – Emails Directly Sent to Exclusive Buyer List
• 4,200 – Facebook and Instagram Views
• 17,300 – Views on Listing Search Sites

PROPERTY HIGHLIGHTS

SALE PRICE: $4,400,000
SOLD $250,000 OVER LIST PRICE!

• Excellent Unit Mix:
  • (2) 3-Bed/2-Bath, (14) 2-Bed/1-Bath & (1) 1-Bed/1-Bath NC Unit
• 12,991 Rental Sq. Ft. | 13,975 Sq. Ft. Lot
• Copper Plumbing Throughout
• Newer Central Water Heater With Solar Power System
• Tenants Enjoy: Onsite Laundry Facility, Covered Carport Parking and Fireplaces (in Some Units)
• Separately Metered for Electricity & Gas
• HUGE 35% Upside in Rental Income!
• Prime Location Within Walking Distance to Shops, Eateries, Public Library & Much More!