Purchase Price: $2.7M, 65,000 sq ft on 6 acres that can be developed. Seller financing note for 5 years at 7% interest only.
Phase 1: 120 relocatable units and 220 first floor units build out.($750K) lease up to 90% in 1.5 years.
Phase 2: Second floor build out 220 units or $400K. Lease up to 90% occupancy by year 4. 524 units
108 Rush Street
Mount Holly, NC 28120
ptraynor@gammaincome.com
– Warren Buffett
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