Turnkey Off Market: 7532 Canal St, Houston TX 77012
Property type: Turnkey Off-Market
Excellent rehab opportunity in a booming area! 7%cap as-is with value add (30 of the 46 units are rehabbed already, rehab and increase rents!) MUST take over note! $2.7M, seller second lien available.
Buyer must be able to assume two loans totaling $2.85M million. 4.97% interest, 30 year amortization and non-recourse. This is a great opportunity for investors looking to cashflow from day 1 and also bring up value! All buyer has to do is bring $850K to closing as down payment.
To qualify, buyer or buying partners must prove they have a cumulative net worth equal to or more than the $2.85M being assumed, among other minor lender requirements.
Please call Joel at 713.458.8686 if you have any questions, and please email Boris@sanmore.com for financial information