1226 N Union St

NOT ELIGIBLE FOR FINANCING THROUGH OFFERMARKET CAPITAL

💰 DEAL OVERVIEW • Asset Type: Multifamily (3-Story Walk-Up) • Total Units: 12 (11 rentable + 1 mechanical/laundry conversion) • Parking: 20 private spaces (rear lot) • Construction: Concrete structure • Occupancy: 0% (fully vacant)

💸 PRICING • Purchase Price: $239,000

🔨 RENOVATION STATUS

Completed: • New windows throughout • New plumbing + drainage system • Roof leaks patched • Materials on-site (doors, etc.) Needed: • Full interior renovations (all units) • Kitchens, bathrooms, flooring, paint • Drywall repair (multiple units) • Electrical upgrades + meter activation

⚡ ELECTRICAL & UTILITIES • Meter bank present (see photos) • Currently operating on master meter • Individual meters not yet active Buyer to verify activation with utility provider

📊 FINANCIAL PRO FORMA (CONSERVATIVE) Estimated Rents: • 1 Bed (5 units): $700 avg = $3,500/mo • 2 Bed (6 units): $875 avg = $5,250/mo Total Monthly Rent: $8,750 Annual Gross Income: $105,000 Estimated Expenses: • Insurance: $8K–$12K • Maintenance/Management/Vacancy: ~35% Estimated NOI: ~$60,000

📈 VALUE ANALYSIS • Stabilized Value (10–11% Cap): $525K–$575K+ Investor Snapshot: • Purchase: $239k • Rehab: $75-$100k • All-In: ~$339k Strong forced appreciation opportunity

⚠️ TAX DISCLOSURE • Property currently tax exempt due to prior ownership • Will be reassessed in 2026 • Buyer to verify future tax liability and resubmit application with county

🧠 INVESTMENT STRATEGY Ideal for: • Multifamily investors • Value-add operators • Cash or hard money buyers Upside: • Full reposition opportunity • Utility separation potential (increase NOI) • Laundry conversion (additional income) • Strong unit count for entry price

📸 PROPERTY CONDITION SUMMARY • Fully vacant • Heavy interior renovation required • Mechanical systems partially updated • Structural integrity appears solid (concrete build)

🚨 TERMS • Cash / Hard Money Only • Buyer pays all closing costs • Non-refundable EMD required • Close

Have 150 more pics/videos by request, fb only aloud up to 50

🔥 SERIOUS BUYERS ONLY Proof of funds required prior to access or walkthrough scheduling. Call 678-754-3904 
 

⚠️ OfferMarket listings are third-party listings. For your safety, please use the "Talk to Seller" feature built into each listing. This allows our team to review communications and helps prevent scams on the platform.

Resources:

• Run the scenario through our Rental Property Calculator.
• Run the scenario through our Desktop Appraisal Calculator.
• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.
• Instant Insurance Quote: Protect your investment with our tailored policy in minutes.