8 Unit Condo Portfolio Sale at Silk Oak

SILK OAK CONDO including units 2434, 2420, 2452, 2454, 2444, 2438, 2424, 2426.American Property Group presents an 8-unit purchase in Silk Oak Condo Park. Buyer will acquire 8 condo units out of the total 24 units in this park. Lease friendly condominium! With 5 tenants on month to month and two having leases coming due end of Oct 2024 along with Jan 2025 a market NOI of approx. $116,200 (9 CAP+/-) is within easy reach. (See the pro forma included in the rent roll) Consistent superior investment property with recent remodeling completed and below market rents! Always 100% leased! Each unit has approx. 972 sf with 2 bedrooms and 2 bathrooms. Most units have been remodeled from floor to ceiling with minimal to no work needed from a new owner. Each apartment includes a full kitchen, living room area, dining area, full bathroom, washer/dryer hook up space, primary bedroom with its own private restroom. Silk Oak has just undergone a full re roof with completion now done in 2024. For complete details including rent roll, 2024 budget, condo docs please complete the NDA attached to the brochure! Current NOI = $95,800 With 5 tenants on month to month and two having leases coming due end of Oct 2024 along with Jan 2025 a market NOI of approx. $116,200 (9 CAP+/-) is within easy reach. (See the pro forma included in the rent roll) * NDA must be completed for more income information. * This is a sale that includes all 8 condos. Seller will not do individual sales or anything below all 8. * If you visit the property, please do not disturb the current tenants. * Sellers requests prior to a full interior tour that an agreed offer be accepted, approval letter, and/or proof of funds. Once this is met prior to escrow buyer(s) will receive a tour of each apartment. This is to minimize foot traffic as these are apartments in quality shape and we do not want to alarm the sellers' valued tenants.