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 Post subject: 42 Unit Building on Half a City Block...INVEST INVEST INVEST
PostPosted: Tue Feb 24, 2009 7:20 pm 
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Joined: Tue Feb 24, 2009 6:30 pm
Posts: 3
We have a 42 Unit Redevelopment Project in Beaver Falls. We are closing on it for less than $5k per unit. Deferred maintenance to dramatically increase the NOI will cost about $10k per unit. Final product will feature 21 Two Bedroom and 15 One Bedroom Apartment Condos that can be retailed on Lease Options to Tenants with a 2 year balloon and No Prepayment Penalty. The Starting Price for Condo Apartments will be a Very Affordable $42,900 for One Bedroom and $52,900 for Two Bedroom Condo Apartments. Monthly Rents will start at $425 + Electric.

Acquisition Costs = $215,000
Redevelopment Costs = $400,000
Total Investment Capital = $615,000

Call JON PERRY @ 412-999-1973


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