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Main Category: GA Georgia > Bulk
  77 house package in Atlanta - Asking price $75,000 a house Item ID: 100295  
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77 house package in Atlanta - Asking price $75,000 a house

for USD 75,000.00
[ Convert ]
Price USD 75,000.00
Quantity 77
Listed On Dec. 02, 2015 13:07:29
Duration Unlimited
Status Open
Poster Information
SamA38671 (0) GMSG_VERIFIED_SELLER
Registered since Jul. 16, 2013
in United States
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Description

77 Houses in Atlanta


Asking price $75,000 a house.

Note is around $3.9M with Colony Capital and would need to be assumed. There is a strong prepayment penalty. I am pretty sure rate is in the mid 5% range and has about 4 more years on the note. Probably could pick up at $5.4M to $5.5M if assume the note which leaves a spread of approximately 1.5M cash needed to close the houses. There is most likely a no debt clause in the note so could not get a second.

Buyer would need to pay 3% commission.


Sam Arthur

sam@wholesalereoproperties.com

TEL: 901-473-9364


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77 house package in Atlanta - Asking price $75,000 a house
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The poster, SamA38671, assumes all responsibility for the contents of this listing

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