TYPE: 17 units in the Pocatello/Chubbuck market. Unit mix includes 3 fourplexes, 2 duplexes and 1 townhome.
STRATEGY: Update leases over the next 12 months to market rate rent.
PURCHASE PRICE: $2,450,000
AFTER STRATEGY VALUE: Estimated at $3,062,000
LOAN HIGHLIGHTS: Seller financing - Loan to Value is 88%; 5% APR; 30 year amortization schedule.