Huntsville 24plex

Purchased in May 2023, this 24 unit complex was 90% seller financed with a 5 year balloon, 1 year at 1% interest only, and 4 years at 4.75% interest amortized over 30 years. The down payment and renovation costs totaled $350,000 which was raised entirely from investors. This joint venture was structured as a 70/30 split between investors and operators.