SOUTHERN CALIFORNIA -- ENTITLED 23 ACRES OF LAND FOR SUBDIVISION A-21

SOUTHERN CALIFORNIA -- ENTITLED LAND TO BUILD A SERIOUS MONEY MAKING SUBDIVISION -- THIS ASSET SALE IS 26.13 ACRES AND IS OFF MARKET AND IS A FAMILY SALE -- LOCATION IS OUTSTANDING -- DUE DILIGENCE IS PROVIDED UP FRONT -- A-21

THIS IS A BUILDERS AND DEVELOPERS DISNEYLAND IN SOUTHERN CALIFORNIA

THIS IS A PRIVATE FAMILY SELLING THIS OUTSTANDING PARCEL OF 26 "SERIOUSLY PRIME" COMMERCIAL ACREAGE IN MORENO VALLEY, CALIFORNIA

THIS STRATEGICALLY TRACT OF COMMERCIAL LAND IS ENTITLED AND IS STILL ENTITLED, EVEN THOUGH THE OFFERING MEMORANDUM SHOWS AN EXPIRATION DATE IN FEBRUARY OF 2014

TO CUT THE TRANPARENCY ISSUES THAT WE ALL FACE IN THE MARKET, I HAVE PROVIDED LINKS TO ALL OF THE DUE DILIGENCE IN THE OFFERING MEMORANDUM

I EXPECT THIS WILL SHOW OFF MARKET LIMIT THE QUESTIONS TO THE VALIDITY OF THE ASSET

THIS IS AN OFF MARKET ASSET SALE AND MUST REMAIN OFF MARKET. PLEASE DO NOT LET THIS GO VIRAL

 FROM THE SELLER:

 

The land is entitled for 194 units. Property has approvals for subdivision into three parcels. One parcel may be used for senior housing, a second parcel for apartments or condos and a third parcel for single family homes.

The property is located within one mile to major retail centers, including Target, Walmart and Costco. The zoning is very favorable within the City allowing you to build a range of densities, should you choose to seek new entitlements. There are beautiful recently built single family homes and apartment units adjacent to the property. Schools and parks are also within walking distance.

TO MOVE FORWARD BUYERS MUST HAVE NDA SIGNED. CALL TO REQUEST THE OM, COMPARABLE SHEET, AND SOLD CHART.​

   - BUYER AND BUYER'S AGENT/CONSULTANT* *SELLER ASSET SPECIFIC NCND AND
   MASTER FEE AGREEMENT*
   - BUYER SIGNED ASSET SPECIFIC LETTER OF INTENT.*
   - BUYER'S COMPANY WEBSITE OF RETAIL CENTERS IN THEIR PORTFOLIO. *
   - THE BUYER MAY PROOF UP TO THE SELLERS SIDE DIRECTLY.*
   - BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYER'S
   PACKAGE.

Apartments In Texas for sale, (over 9% cap with upside) ​ - A-21​

​S​uburban Houston community of Texas

(OFF MARKET) Cedar Ridge Apartments over 9 cap with upside - A-21​
$ 10,298,700.00

THIS IS A "B" PROPERTY IN AN "A" LOCATION​

This is above a 9% CAP with upside. 

This 100 %-occupied Class B asset is located in the prosperous industrial suburban Houston community of Texas. The city is well known as the refinery center of Texas, where giants such as ExxonMobil operate some of the largest plants in the United States. Built in 1982, and later renovated in 2003, the property consists of 276 units and is situated on 12.46 acres

We have February rent roll  and financials from July to December.  The Seller does not do t12 format.
 
The Seller based on 93% occupancy has an NOI of $880k.   The NOI is much higher now being 100% occupied, and those down units are also getting more rent then the others.

This property Is 100% full.  During the winter month the Seller got 22 down units from a fire back up and those units are getting $40 to $60 dollars more per rent a month.
 Also the competition in the market place is getting about 10 to 15 cents more for their units, and Cedar Ridge has larger units. .... AND THEY ARE 100% FULL WITH WAITING LIST.

The owner had to change systems that does his financials so we should have January/February in a few days. 

His expenses are high in that he has:

Audit ex  $4,300

Bookkeeping  $1,775

His manger gets paid more because she manages his other properties, he used to have 6-7 in TX

His management fee is over 6%

His maintenance & repairs contain cap ex that his auditor broke out

They do not format in a trailing 12 month.

The price is firm. 

 

Since that time the down units were repaired, it is full and the rents have been raised $30 on the one bedrooms and $50/mo on the 2&3 br, on the units that were rehabbed due to the fire

All the repair work has been completed.

Property has a wait list to rent units at this time.

TO MOVE FORWARD: WE MUST HAVE A NDA SIGNED

, PLEASE​ CALL AND REQUEST IT.​

We have RR. Market Report, Financial. Income Statements

   - BUYER AND BUYER'S AGENT/CONSULTANT

   -SELLER ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT
   - BUYER SIGNED ASSET SPECIFIC LETTER OF INTENT.
   - BUYER'S COMPANY WEBSITE OF RETAIL CENTERS IN THEIR PORTFOLIO.
   - THE BUYER MAY PROOF UP TO THE SELLERS SIDE DIRECTLY.
   - BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYER'S PACKAGE.

276 units on 14.3 acres

 $ 23,660,000.00

The below is available off market. 

The Seller is an attorney and he will not release any financial information unless he has a Buyer's Bio, a letter of interest and proof of funds. If this is of interest to you please call me to discuss.

A garden style,  These West Florida 276 units are comprised of 83 one-bedroom and 193 two-bedroom apartments. The property is 95% occupied. Asking approx. $84,950.00 per door. 

TO MOVE FORWARD: YOU MUST HAVE YOUR NDA SIGNED

, THEN YOU WILL RECEIVE THE SPREAD SHEETS.

   -BUYER AND BUYER'S AGENT/CONSULTANT* *SELLER ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT*
   -BUYER SIGNED ASSET SPECIFIC LETTER OF INTENT.*
   -BUYER'S COMPANY WEBSITE OF RETAIL CENTERS IN THEIR PORTFOLIO. *
   -THE BUYER MAY PROOF UP TO THE SELLERS SIDE DIRECTLY.*
   -BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYER'S PACKAGE

326 Unit Tennessee Multifamily - Portfolio 11% CAP

Contact us through our blue dropdown form in the upper right Thx.

• Tennessee

U.S. state of Tennessee, and the county seat of Shelby County.
$5,616,000.00

326 Unit Multifamily - Portfolio 11% CAP
This multifamily portfolio is comprised of 326 rent-able units, spread
amongst 12 complexes, all within close proximity of each other, located
in Tennessee. There is a tremendous upside to the property.
With a minimal stabilization effort, the resale value with $1,162,671 in
NOI and resold with a CAP rate of 8%, makes the potential market value
for this portfolio over $13,000,000 with only an 80% occupancy rate.
Highlights of The Portfolio:
- 11.00% Current l CAP Rate
- 22.00% Proforma CAP Rate
- 326 Doors (346 Potential)
- 346 Doors @ $17,227.00 / door = $5,616,000
- 0.54 Acres of "Free Land" with $148,500 market value
- All rents below market value (huge upside potential)

TO MOVE FORWARD: MUST HAVE NDA SIGNED

​ USE THE BLUE DROPDOWN AND REQUEST IT.​ We have the OM for the buyer to review.

   - BUYER AND BUYER'S AGENT/CONSULTANT* *SELLER ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT*
   - BUYER SIGNED ASSET SPECIFIC LETTER OF INTENT.*
   - BUYER'S COMPANY WEBSITE OF RETAIL CENTERS IN THEIR PORTFOLIO. *
   - THE BUYER MAY PROOF UP TO THE SELLERS SIDE DIRECTLY.*
   - BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYER'S PACKAGE.​

ESTABLISHED AREA, 1,069 MULTI-FAMILY UNITS IN ATLANTA , GEORGIA

ESTABLISHED AREA, 1,069 MULTI-FAMILY UNITS IN ATLANTA , GEORGIA

PURCHASE PRICE HAS BEEN REDUCED FROM $17.680m TO $13,604,000.00  ($12,725.91 FOR THE BUYERS PER UNIT)

THIS IS A CLASS C- ASSET IN A CLASS C- NEIGHBORHOOD....THIS ASSET HAS A HUD SECTION 8 CONTRACT, WHICH IS A MAJOR BENEFIT TO THE NEW OWNER

THIS IS A TRUE VALUE ADDED ASSET

THIS IS A HUGE 1,069 UNIT ASSET....570 UNITS ARE OCCUPIED, 241 ARE VACANT AND 258 UNITS ARE DOWN FOR REPAIRS/RENOVATIONS

THIS IS NOT A CAP RATE SALE....THIS IS A BUY, RE-POSITION, FIXUP, STABILIZE AND COLLECT BIG TIME TYPE OF PURCHASE

THIS ASSET HAS A HUD SECTION 8 CONTRACT

OCCUPANCY RATE IS 53%

CURRENT MONTHLY GROSS RENT IS $319,794.65

SCENARIO: BASED ON 100% OCCUPANCY AND EACH UNIT GETTING $500 PER MONTH RENT (MARKET RENT), THAT WOULD EQUAL $534,500 GROSS RENT PER MONTH OR $6,414,000 ANNUALLY. ONCE STABILIZED, USING 40% PER YEAR AS YEARLY EXPENSES, THAT WORKS OUT TO $3,848,400 AS NET OPERATING INCOME. PURCHASING THIS MEGA MONSTER AT $12,700,000 AND DIVIDING THE NOI BY THE PURCHASE PRICE, PROVIDES THE NEW OWNER WITH A CAP RATE OF.........30.3%

DISCLOSURE:  THE SALE OF THIS ASSET IS AN ASSIGNMMENT OF CONTRACT. THE ASSIGNOR HAS "HARD MONEY" IN ESCROW, WHICH IS A MAJOR STABILIZING FACTOR TO THE ASSIGNEE GOING FORWARD. IF THIS IS AN ISSUE FOR YOU AS A BUYER, THIS IS LETTING YOU KNOW UPFRONT AND NOT SOMEWHERE IN THE MIDDLE OF THE TRANSACTION.

TO MOVE FORWARD: MUST HAVE WDNDA SIGNED.

• BUYER AND BUYER'S AGENT/CONSULTANT SIGNED ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT.
•  BUYER'S COMPANY WEBSITE AND OR BUYER'S BIO OF LARGE MULTI-FAMILY ASSETS OWNED OR ACQUIRED.
• BUYER TO PROVIDE A BUYER SIGNED ASSET SPECIFIC LETTER OF INTENT.
•  BUYER IS ENCOURAGE TO PROVIDE A VERIFIABLE PROOF OF FUNDS WITH THIS BUYER'S  PACKAGE OR THE BUYER MAY PROOF UP TO THE SELLER'S SIDE DIRECTLY.

$315,900

TURN KEY PRIVATE PORTFOLIO OF 7 SINGLE FAMILY HOMES IN ATLANTA

 

100% OCCUPANCY

ALL 7 SINGLE FAMILY HOMES HAVE BEEN UPGRADED IN 2009

MONTHLY GROSS RENTAL INCOME IS $5,300

"ACTUAL" CAP RATE IS 14.5%.

PROTOCOL: MUST HAVE NDA SIGNED.

SEND LOI & POF. TO GO TO CONTRACT AND DO YOUR INSPECTION.

GO TO CLOSING AFTER TITLE IS COMPLETE

CA. MARRIOTT HOTEL -- 8.2% CAP based off of Net Income -- MONEY MAKER CASH - COW (A - 23)

CALL (970) 481-0033

CA. MARRIOTT HOTEL -- 8.2% CAP based off of Net Income 
MONEY MAKER CASH - COW (A - 23)
DO NOT BLAST THIS OUT!!!
The 130+ -room Marriott,

ARIAL VIEW: http:XXXXXXXXXXX

8.0% CAP - 130 + KEY HOTEL  - The 130+ -room Marriott.

THIS IS HOTEL WHICH UNDERWENT AN EXTENSIVE RENOVATION IN 2009, THE OWNER INVESTED MORE THEN $ 2,700,000.00.

AMENITIES:

• POOL, SPS,
• COURTYARD
• FITNESS CNETER
• MEETING SPACE
• THE ROOMS FEATURE FREE WIRELESS INTERNET ACCESS
• FLAT SCREEN TELEVISION
• UP GRADE BEDDING
• 90% OF THE ROOMS ARE SUITES
  

2013 Financials:

- ADR: $95.07

- REVPAR: $70.53

-  Occupancy: 73.59%

-  Room revenue: $3,610,962

- NOI: $1,908,580

-  Net Income: $1,654,740 (After Management Fee and Reserves)

-  8.2% CAP based off of Net Income

TO MOVE FORWARD: MUST HAVE OUR NCND/NDA SIGNED.  FOLLOW PROTOCOL TO ENGAGE THE SELLER.

• BUYER AND BUYER'S AGENT/CONSULTANT SIGNED ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT
• BUYER'S COMPANY WEB-SITE AND/OR BIO. EXECUTIVE SUMMARY.
• BUYER'S SIGNED ASSET SPECIFIC LETTER OF INTENT. 
• BUYER MAY PROOF UP TO THE SELLER'S SIDE DIRECTLY.
• BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYER'S PACKAGE.

CALL 970-481-0033

MANHATTAN, BROOKLYN, BRONX, QUEENS, BUILDINGS and LAND TO BE DEVELOPED

Call  (970) 481-0033

MANHATTAN 
xxxx Ave, NYC xxxxx - East xxxxxx
Block-thru lot with a 200’ of frontage is located on the west side of xxxx Ave, between E  & E  R8A, R7-2, C1-4 and C1-5 zoning permit approximately 28,730 build able sq ft (as-of-right) for a mixed-use development & approximately 35,419 build able sq ft with a community facility. // Property offers easy access to downtown & outer borough via #6 train - located only 1 block east on xxxx Ave & E xxx St. Asking Price: $x,xxx,000.00 ($xxx.85 per build able sq ft)
 
xxxx xxxth Street – Central xxxxxx
75’ wide site located on north side of X xxx St between XXXXXXXXX & XXXXXXX Ave. / R7-2 Zoning (3.44 FAR) permits approx 25,779 build able square feet (as-of-right) for residential development, and, approx 48,711 build able square feet if Community Facility is included. Currently being rented to a parking lot operator with a $4,000 M to M rent. Easy access to downtown via the 1 train on XXXXXXXX, x train on XXXXXXXXX Ave, XXXXX XXXXXX Parkway & XXXXXX XXXXXX Drive. Great benefit from close proximity to XXXXX College, and XXXXXXXXXXXHospital. Asking price: $x,xxx,000.00
 
XXth Ave Develoment site (W XXth Street)
Short term leases in place for 2 yrs with no options to renew // C6-4/HY zone with 10 FAR & bonuses up to 21 FAR // up to 160,034 SF build able //
 Asking: $xx,xxx,000.00  million ($XXX.68 per bsqf)

East XXXth Street, NYC XXXXX & XRD Ave
Zoning: C6-3 // FAR: 7.52 // Build able: 48,812 // Property is located near subways & from xxxx xxxxx station (xx St station). //
 Price: $xx,xxx,000 or $xxxx per build able sq

East xxnd Street (xxst Ave) //
4-story elevator bldg. with 11 apts & 1 community facility & now approx 9,916 sq ft. Plans exist for 2 add’l floors (4,150 SF), for over 14,000 total sq ft. Tremendous upside in rents; currently average rent is $30 PSF while market exceeds $50 PSF. In 2010 - building underwent a $2.4 M gut renovation. 8 of 11 apts have condo-quality finishes: granite/marble kitchens and bath, stainless steel appliances, d/w, video intercom, recessed lighting, oak flrs, w/d, new windows, new gas boiler, new roof, new electric risers & new sprinkler system. Price: $x,xxx,000.00

BROOKLYN 
xxxxxx Ave -- East xxxxxxxx
Waterfront development site with 6 lots & direct access to Canal. Current zoning M3-1 and FAR is 2. Variance is needed for a residential conversion. Up to 240,000 build able based on current. Proforma income of $609,000 with commercial tenants while variance is obtained.
Firm price is $xx,xxx,000.00  or $xxx.54 per bsqft.
 
xxxxxxxxxx development site with 3 corner / street exposure.
 Plans call for a 42,120 sq ft residential building with 47 apts. Lot 190.42 x 100 with FAR 3, Zoning M1-2 / R6A MX8. Asking Price: $xx,xxx,000.00
 
xxxxxx Ave – Corner of xxxxx Street --
Irregular corner Lot with 97' frontage along xxxxxx Ave & circling to Lot has several pieces combined into 1 large lot with approx build able of 16,910.30 (property shark records are not correct & survey is available). Current income and expenses available.
Asking Price: $x,xxx,000.00
 
xxxxxxx Ave / xxxxxxxx Ave -  
Development site xxxxx. Property has 2 buildings on 1 lot with a total BSF of approx 94,450 (based on property shark). Building 1 has existing 17,000 sf - which undergone extensive renovations & should be ready for occupancy in near future. Building 2 is being used as a wholesale bakery. Lot size: 226.50 x 100 // FAR 4, Zoning C2-4 / R7A … Asking Price is $xx,xxx,000 (if both buildings are bought). Partial sale of building #2 is also available
 
xxxxxx Road at West xth St - xxxxxx xxxxxx, Brooklyn
Vacant lot with R6 zoning // 172,868 as of right build able (2.4 FAR) up to 345,736 build able sq ft ( 4.8 with community facility) // Lot size 288 x 284 feet // Rental comps in the area about $xx – $xx per sq ft
Asking: $xx,xxx,000
 
xxxxxxxx Ave (between xxxx & xxxx St) – near xxxxxxx Center
4 story elevator commercial building with 18,000 gross SF + basement // Delivered vacant at closing (currently occupied by antique dealer) // Lot 50 x 100 / built over the FAR / Projected Income $x,xxx,xxx / Projected expenses $xx,370 / NOI $931,130 // Asking: $xx,xxx,000.00
 
xxxxx Heights // xxxxxxxx Place
 Brooklyn // Located 1 block of xxxxxxx Pkwy & xxxxxAve  / Lot size 80 x 100 / FAR 2.43 / zoning C1-3 / R6 / build able 19,440 sq ft / Price: $x,xxx,000.00
 
xxxxxxxx xxxxxxxx Development site // xxxxxxxx Ave.
Lot size 40 x 110 and 80 x 110 // FAR 2.43 / Zoning R6 / Build able 13,200 sq ft priced at $xxx.75 per build able sq ft ($x,xxx,000.00) &
Build able 21,384 sq ft priced at $xxx.18 per build able sq ft ($x,xxx,000.00)
 
xxxxxxxxxx Development site / xxxx Street
Lot size 100 x 99.5 / FAR 3 / Zoning M1-2 / R6A & R6B / MX8 / buildable 29,850 // Asking Price $x,xxx,000.00

Pennsylvania,  Rite Aid stores.
 Asking Price is $x,xxx.000.00 There is an assumable mortgage of $x,xxx,000 with a mortgage payment of $xxx,000.
Current NOI = $xxx,000. 6.0% CAP based on asking price

BRONX 
xxxxxxxAve Bronx NY
16 unit apartment building with all units are 3 & 4 bedrooms // Gross Rents approx $245,000 / Expenses approx $xx,000 // NOI approx $xxx,000 /// Asking Price $x,xxx,000

11 bldg package /
331 units / ten 5 story buildings & one 6 story with elevator / mostly section 8 tenants / NOI $x.xx M / Price $xx,xxx,000.00

QUEENS 
xxth Ave, xxxxxxx - AKA xrd St xxxxxxx
 Development site with a 50x100 corner lot, R6 zoning. Approved plans available for a 14 unit condo building + 3 stores, with a total buildable of 17,000 sq ft.
 $x,xxx,000.00 asking price.
 
xxth Street,  Development site --
19,029 build able sq ft for only residential (FAR 3) & with community facility total build able 30,744 sq (4.8 FAR). Zoning M1-2 / R6A. $x,x00,000.00 asking price
 
xxxxxxxx blvd, xxxxx xxxxxxx -
Stalled construction site.  Note & Deed sale on as is basis. Approved plans for a 7 story building with elevator contains 24,547 SF above grade (30,460 SF with cellar ) with 21 apts on floors 2 thru 7 plus 2,944 SF of community facility and 633 SF recreation area on 1st floor. Asking Price: $ x,xxx,000.00 Buyer is responsible for ALL title charges (ECB violations approx $xx,000 + transfer tax, etc).

Corner Development site on xxth Street & xxnd Road //
Approved plans for 162,000 sq ft + 25,000 sq ft
below grade // 3 continuous lots, with FAR 12 // Zoning M1-6 / R10 / LIC // $xx,xxx,000.00 will get you a contract
xxxxxx Avenue, xxxxwood --
25,962 square foot vacant land – with 3 tax lots with combined lot frontage of ±163 linear feet along xxxxxx Avenue. Situated on a mid-block site between xxxxx & xxxxxx Avenues on the east side of xxxxxx Avenue, 1 block from xxxxxxxxxx Ave major retail thoroughfare. Property will be delivered with approved plans & site’s total buildable square feet is ±57,000 SF Gross including retail, parking & community facilities. (around 42,000 SF Net) Property comes with 421A tax eligibility & is outside GEA.

TO MOVE FORWARD: MUST HAVE OUR NCND/NDA SIGNED. PLEASE CALL FOR IT.  FOLLOW PROTOCOL TO ENGAGE THE SELLER.

• BUYER AND BUYER'S AGENT/CONSULTANT SIGNED ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT
• BUYER'S COMPANY WEB-SITE AND/OR BIO. EXECUTIVE SUMMARY.
• BUYER'S SIGNED ASSET SPECIFIC LETTER OF INTENT. 
• BUYER MAY PROOF UP TO THE SELLER'S SIDE DIRECTLY.
• BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYER'S PACKAGE.

Contact (970) 481-0033

undisclosed NEW YORK 4 BUILDINGS Sale

undisclosed NEW YORK 4 BUILDINGS Sale

Call me for access (970) 481-0033

 $ 10,853,000.00
FOLLOW PROTOCOL TO ENGAGE THE SELLER.

4 Buildings

·       93 APARTMENTS

·       363 ROOMS

·       LAYOUT: 6/2…39/3…11/4…32/5…5/6

·       TOTAL RENT ROLL: $1,329,000

·       MONTHLY RENT PER APARTMENT: $1,190.86

·       PER ROOM: $305.10

·       TOTAL MORTGAGES: $6,315,000 (Blended interest rate equals 3.32%)

·       PRICE PER UNIT: $112,903 PRICE PER ROOM: $28,953

CAP RATE: 6.47% CASH ON CASH RETURN: 9.06%

Buildings 1 & 2:

      

DESCRIPTION:

2 /5 story renovated walk-up apartment building each having 11 apartments

The buildings were gut renovated in 1990. Gas Heat controlled by computer.

1 building has individual heating and hot water units in each apartment. They

are landlord controlled by computer. Five of the tenants pay for their own heat.

The other building has 6 series connected gas burners

LAYOUT: 22 / 5 room apartments…110 rooms

INCOME                                            $417,744

ESTIMATED EXPENSES:

·       R.E. TAXES:                                     $ 55,899

·       WATER & SEWER:                        $ 20,900

·       FUEL:                                                $ 25,000 (see description)

·       SUPER: Free apartment only

·       ELECTRIC:                                      $ 6,000

·       INSURANCE:                                   $ 14,000

·       MANAGEMENT-                             $ 12,532

·       REPAIRS & MAINT.:                      $ 11,000

Total:                                                  $ 145,331

NET OPERATING INCOME          $272,413

DEBT

1ST Mortgage in the amount of $1,775,000 pays $ 8,196.37 monthly for interest and amortization at 3.5 % interest. Due July 31, 2017 + 5 year option. Pre-payable with a penalty. the mortgage also calls for escrows.

Building 3                          

       

SIZE: 50’ x 95’ built 50’ x 83’…19,475 SF Building Area

DESCRIPTION: 5 story walk-up apartment building.

LAYOUT: 21 / 1 BR…5 / 2 BR + 1 / 1BR super’s apartment on the 3rd floor.

Total: 27 apartments…86 rooms

INCOME                                              $ 314,217

ESTIMATED EXPENSES:

·       R.E. TAXES:                             $ 42,886

·       WATER & SEWER:                  $  25,493

·       FUEL:                                       $ 60,000 (oil)

·       SUPER: free apartment + repair labor

·       ELECTRIC:                                $ 4,000

·       INSURANCE:                           $ 15,000

·       MANAGEMENT-                     $ 9,426

·       REPAIRS & MAINT.:                $ 15,714

Total:                                                  $ 172,519

NET OPERATING INCOME                  $ 141,698

DEBT-1st MORTGAGE:

$1,440,000 for 5 years due August 15, 2018. Pays $6,268.61 per month

including interest at 3.25%. Right to extend for another 5 years .

Building 4

SIZE: 110.5’ x 98’ built 98’ x 98’5…47,300 SF Building Area

DESCRIPTION: 5 story walk-up apartment building having two separate wings

LAYOUT: 6/Studios…17 / 1BR…6 / 2 BR…10 / 3 BR…5 / 4 BR

Total: 44 Apartments…167 Rooms

INCOME                                              $ 597,180

ESTIMATED EXPENSES:

·       R.E. TAXES:                             $ 67,848

·       WATER & SEWER:                  $ 42,490

·       FUEL:                                       $ 95,000 (oil)

·       SUPER:                                    $ 22,360

·       ELECTRIC:                                $  5,000

·       INSURANCE:                           $ 25,000

·       MANAGEMENT:                     $ 17,915

·       REPAIRS & MAINT.:                $ 23,887

Total:                                                  $ 299,800

NET OPERATING INCOME                  $ 297,380

DEBT-1st MORTGAGE: $3,100,000 for 5 years due September 15, 2018. Pays $13,491.40 per

month including interest at 3.25%. Right to extend for another 5 yearsVisit my website by clicking the link below and if you like what you see, call me for access.

THIS IS AN OFF MARKET ASSET SALE AND MUST STAY OFF MARKET, 
PLEASE DO NOT LET THIS GO VIRAL.

TO MOVE FORWARD: MUST HAVE NCND/NDA SIGNED WITH US.

• BUYER AND BUYER'S AGENT/CONSULTANT SELLER ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT
•  BUYER SIGNED ASSET SPECIFIC LETTER OF INTENT.
•  BUYER'S COMPANY WEBSITE OF RETAIL CENTERS IN THEIR PORTFOLIO. 
• THE BUYER MAY PROOF UP TO THE SELLERS SIDE DIRECTLY.
• BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYER'S PACKAGE. 
•  Call for access (970) 481-0033