The Villette Apartments is the best turnkey deal on the market at a steady 6.01% cap rate. Previous buyer walked during 1031 exchange &moved forward with a different property. Appraisal came in significantly higher than list price. Appraisal is good for 6 months with the lender. Loan product prepared for the previous buyer could be assumed with ease. Completely renovated 12-unit: new flooring, cabinetry, carpet, windows, roof, laundry room, all new appliances, electrical panels, and parking lot.