500 Lincoln St #109C, Daphne, AL 36526

Bulk sale of 12 condo units.  Each unit is 2 beds and 1.5 baths and has current tenants in them. Most paying $800/mo. They are all professionally managed. Complex has a total of 30 units.  This seller owns 24 of them but wants to sell as part of 1031 exchange so 12 are available now.  Complex has a Total of 4 buildings - 3 buildings had roofs replaced this year.  There are no amenities to maintain. Units can be upgraded to increase rental rates as these tenants are month to month.  The other Upgraded units with active leases could also be available - Call for pricing. Right now, the HOA dues are $87.50 for the larger units and $71.50 for the smaller ones.  They should be raised to around $150/mo per unit to cover below expenses. Waste Management bill is around $600/mo.  Maintenance bill (Bobby Pager) is $225/mo.    Insurance is paid through November.  About $14k for the year.   Pest control (Cook's) is a quarterly bill I believe.   $322.75/qtr