Acquisition Criteria

  • 50+ Units
  • Class B/C assets
  • 1980's or later
  • $500k - $3m
  • 10%+ cash-on-cash
  • Cap rate: 7% or greater
  • Location:
    o    Jacksonville, FL
    o    Knoxville, TN
    o    Johnson City, TN
    o    Will consider other locations in TN & FL
  • Submarket location with great proximity to jobs, retail, schools & recreation
  • Potential for income growth through combination of market factors, management, and capital improvement (value-add)

Preferred

  • PVC drain lines
  • Separate gas/electric meters
  • Pitched roof

We are also interested in mobile home parks (MHP) in the same areas.

Contact

Phone: 631-253-1609

Email: tcastelli@babylonpropertygroup.com