8 parcels covering > 5 acres, consisting of 45 Park-owned units. More could be added. 21 units currently rented, for ~$14k/mo gross income ($11k/mo NOI). Remaining units can be rented after repairs – several remodels almost completed & will rent for ~$900/mo/each. Gross rents ~$33k/mo once remaining units put into service.
7 of the parcels are in downtown Benson, contiguous or within a couple blocks of each other, and the other parcel is about 5 miles away in St. David. The St. David rentals are on a 1.8 acre lot, in a private setting, and are the only ones on Septic; the rest are on City Sewer. Tenants pay all electric, and some also pay water/trash/sewer. All rentable units are currently rented, and 4 other units are nearly completed, so could be placed in service quickly.
Cash on Cash Return of ~8.3% at Purchase; rises to ~27% once remaining units are rented. Inquire for Asset List and Cap Rate Analyses.

> Off-Market Property, > 5 acres of land
> Mom/Pop ownership, self-managed
> Below Market Rents
> Additional Units to be put into Service (already purchased; conveys with sale)
> Underperforming Asset
> Seller Financing at Better Terms than you can get from a Commercial Lender.

Seller Financing is available at $1,520,000 at 4.5% interest-only payments for the first 2 years. Most Commercial Lenders today are offering 50% LTP & ~ 7.5% interest. This financing would be 65% LTP at 4.5% interest for the first 2 years, and then 5.5% interest for the next 8 years! Inquire for more details.

*Seller listed herein has equitable interest via an exclusive contract, in escrow, and is marketing the equitable interest however great or small in the given properties.