Real Estate Roundtable
http://real-estate-roundtable.com/

42 Unit Building on Half a City Block...INVEST INVEST INVEST
http://real-estate-roundtable.com/viewtopic.php?f=2&t=74
Page 1 of 1

Author:  RE Match Maker [ Tue Feb 24, 2009 7:20 pm ]
Post subject:  42 Unit Building on Half a City Block...INVEST INVEST INVEST

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

Page 1 of 1 All times are UTC - 5 hours
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
http://www.phpbb.com/