14-unit Apt in Phoenix w/ Sub2 or Owner Financing

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Posted by matx on February 03, 2010 at 21:13:49:
I'm just trying to help a distressed owner of a 14-unit apt in Phoenix. They're willing to sell w/ sub2 or owner financing(wrap). They just want out.
They owe $495K, w/ a monthly payment of $3018.
8 1/1 units
6 2/1 units Rent $550/mo
w/ a pool
The only way to make this work is to short sale or reposition somehow since there's no cash flow w/ the current debt service.
If anyone interested, I'll forward your e-mail to the owner for more info.

Follow Ups:

Re: 14-unit Apt in Phoenix Gary 20:46:32 02/20/10 (0)

Re: 14-unit Apt in Phoenix Gary 20:38:50 02/20/10 (0)

Re: 14-unit Apt in Phoenix Mark (SDCA) 14:49:56 02/04/10 (7)

Re: 14-unit Apt in Phoenix Phoenix Investor 20:29:22 02/04/10 (6)

Re: 14-unit Apt in Phoenix james (CA) 00:31:52 02/05/10 (0)

Re: 14-unit Apt in Phoenix matx 22:51:18 02/04/10 (4)

Re: 14-unit Apt in Phoenix james (CA) 00:30:14 02/05/10 (3)

Re: 14-unit Apt in Phoenix Mark (SDCA) 19:38:26 02/05/10 (0)

Observation matx 11:04:02 02/05/10 (1)

Re: Observation Richard 10:38:12 02/18/10 (0)

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