Multifamily
Elkton Apartments
20609 Elkton Rd, Athens, AL 35614
Listing Price: $525,000
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale this property in Athens, AL. This offering will allow a potential investor to purchase a rare value-add opportunity.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to:1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require an assumption of current debt at closing. Offers should be delivered to the attention of the Listing Agents.
AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE ELKTON APARTMENTS.
Broker of Record
Financing By
Listing Price: $525,000
Investment Highlights
- Rents are currently $180-200 below market
- $5,000 spent in total on new wiring for each unit this year
- Apartments have a stove and refrigerator
- Large yard
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale this property in Athens, AL. This offering will allow a potential investor to purchase a rare value-add opportunity. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to:1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require an assumption of current debt at closing. Offers should be delivered to the attention of the Listing Agents. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE ELKTON APARTMENTS.
Broker of Record
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Eddie Greenhalgh
Senior Vice President Investments
Financing By
