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Owner FinancedNo Credit Check

50BR Home in Coloma , MI

$2,100,000
$7,082/mo
Address undisclosed, Coloma, Michigan 49038
50
Bedrooms
50
Bathrooms
0
Sq Ft
1986
Year Built
$7,082
Monthly Payment

About This Property

45-Unit Value-Add Portfolio 1️⃣ Executive Summary Acquisition Price: $2,100,000 Total Investor down payment: Contact for details Seller Financing Structure: 5% Amortization: 45 Years Year 5 (Up to Year 7 with extensions) Current Rent: Contact for details/month Stabilized Rent: Contact for details/month Projected Cash-on-Cash at Stabilization: 18.65% 2️⃣ Portfolio Overview Total Units: 45 Studio / Room-Style Units One-Bedroom Units Two-Bedroom Units Three-Bedroom Unit Four-Bedroom Unit Strong mix of small-format workforce housing with operational upside. 3️⃣ Current Performance 13 Units Currently Vacant 6 units out of the 13 need rehab est on all unit each unit about 15-25k est on rehab. Gross Monthly Income: Contact for details Annual Gross: Contact for details This is a true value-add repositioning opportunity. 4️⃣ Stabilized Performance Once vacant units are leased: Projected Gross Rent: Contact for details/month Projected Value of property: $3.8M after repairs with 7.5% Annual Gross: Contact for details Income Increase: +Contact for details annually This is purely operational upside — no appreciation assumptions needed. 5️⃣Snapshot (Stabilized – Before Expenses) Monthly Income: Contact for details Monthly Debt: Contact for details monthly current This demonstrates strong income cushion relative to debt. 6️⃣ Return Profile Investor down payment: Contact for details Projected Stabilized Cash-on-Cash: 18.65% This is achieved through: • Operational lease-up • Low amortized interest structure • Seller financing leverage • Income expansion from vacancy absorption 7️⃣ Exit Strategy (The Payback Plan) Primary Strategy: Stabilize → Refinance → Return Capital With Contact for details annual gross income and strong coverage ratio, the refinance path becomes clear once stabilized. After the Rehab and stabilized with 7.5% would be worth about 3.8M. (rehab total est 250-350k) Structure: Year 5 maturity Two optional 1-year extensions Maximum 7-year hold window This gives flexibility to: • Refinance into conventional debt • Sell into stabilized valuation • Return investor capital with upside 8️⃣ Why This Deal Stands Out ✔ Seller financing at below-market structure ✔ Massive vacancy upside (13 units) ✔ Income growth of $180K annually ✔ Strong debt coverage cushion ✔ 21%+ projected cash-on-cash ✔ Flexible timeline This is not speculation-driven. This is operational improvement-driven. (786) 322-3646 Text or email : "Buyer for 45 units" (Only text or email us with this sentence to help you faster).

Features & Highlights

Motivated Seller
Rental Property
Off Market
Creative Listing
Seller Financing

Financing Details

Down Payment
Contact for Details
Monthly Payment
$7,082
Financing Type
Owner Financed
Credit Check
None Required

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