Windy Oak Apartments

The Purvis Commercial Group has been retained to procure a qualified buyer for Windy Oak Apartments.

The thirty units at Windy Oak Apartments are currently available for off-market sale. Based on the current rent roll and expanding on 2022 expenses, NOI is expected to be $164,560 for 2023. Current occupancy is 90% with the three vacancies currently being remodeled. Current ownership has taken the initiative to turn over non-paying tenants as well as completing most major capex items since purchasing the portfolio.

The link provided below will take interested parties to the dedicated property website. After electronically signing the provided confidentiality agreement, the following items will become available: Offering Memorandum, current rent roll, 2023 expected analysis, Year 1 proforma, Year 3 proforma, and improvements broken out by building and unit.

https://buildout.com/website/windyoakapartments

Seller Financing Available:

Please note that for all seller financing offers, a minimum down payment of $500,000 will be required due to the need to clear existing, non-assumable debt. Sellers will consider up to five year term and thirty year amortization with no penalty for early principal payment in full.