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  • Contact Us
  • 205-881-9551
  • About Us
  • BUYERS/INVESTORS
  • FAQ's
  • Private Lending
  • CLICK HERE IF YOU NEED TO SELL
  • CLICK HERE FOR AVAILABLE AND SOLD PROPERTIES
  • CASH OFFER
  • AREAS WE BUY IN

5C PROPERTIES LLC

Leading The Way in off market Real Estate investments

BUYING CRITERIA:

  • 3+ Bedrooms, 1+ Baths, 1100 sq ft +, (if property year built is 1950-1959 1.5 baths is required)
  • 1950 or newer

Property Locations:

  • South Carolina – Charleston, Columbia, Greenville, Spartanburg
  • Georgia – Augusta
  • North Carolina- Charlotte, Greensboro, Winston-Salem, High Point
  • Alabama – Birmingham, Huntsville
  • Ohio – Cincinatti, Columbus, Cleveland, Dayton
  • Indiana – Indianapolis
  • Kansas & Missouri – Kansas City
  • Buying Criteria:MFH
    Seeking MFH at least 60 - 100 units.
    1. Value-add component: typically 85%-90% occupancy / discount based on condition or motivated seller.
    2. Price: $1,500,000 – $9,000,000, per unit cost under $55K.
    3. Location: secondary and tertiary markets across
    4. Class: D/C/B Property in a B/A neighborhood

    Minimal deal standards
    i) 1.5-2% rent to value ratio - 50k per unit price must rent for $750-1000 per month
    ii) $100 per month "low hanging fruit" to bump rents up via adding utility bill back to the tenant or low rents
    iii) DSCR needs to be at a min 1.25 to qualify for agency financing
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5C PROPERTIES LLC


ALABAMA


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