Excellent Location Near Hospitals
These newly renovated mid-term rentals are located just blocks from Jackson Hospital as well as a couple of miles from Babtist South Hospital. The property receives above market rents due to the proximity to medical centers and unique travel nursing demand.
Strong Historical Occupancy
This property has historically remained 100% occupied and there is often a waitlist for tenants. Premium interior/exterior finishes make this a highly sought after property, especially among nurses.
Attractive CAP Rate
This is a rare opportunity to acquire an asset with a CAP rate just below 8%. In today’s rate environment this is above where many other multifamily deals are trading. At full occupancy the property has the potential to bring in $230,000 in annual rental revenue.
The property will be sold completely furnished and is remotely managed (wi-fi connected Schlage locks, smart thermostats, online unit walk throughs, etc.), making for an easy transition when renting to mid-term tenants. Designer selected furniture and finishes are used throughout all units on the property. All units have washer and dryer in unit.