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Property #MF383 - Request more information
• 288 Unit Apartment
• Oklahoma
•
• Price: $9,150,000
• Building Area: 225,332 sf
• 288 Unit Apt Complex in Oklahoma
• 8.62% cap rate in place with upside in rents
• 13% cash on cash return with assumable financing
• 95% occupied; All New Roofs; 50 Yr. Vinyl Siding
• Numerous major renovations recently completed
• Pitched roofs, two pools, a tennis court, and Class A Clubhouse
• Located close to an Air Force Base
Mon, 22 Aug 2011 15:59:13
Property #MF382 - Request more information
• Texas Multifamily
• Value-add opportunity at an attractive offering price per unit in a rapidly growing apartment market. Rents in the sub-market have grown over 9% year-over-year. Approximately $70K in recent repairs to the property including new boiler, hardi siding, stair treads, rebuilt stucco walls and paint, painted stairwells and various interior finishes such as ceramic tub surrounds. New on-site management since February 2011 has completed these major repairs, improved the tenant base, and increased rents while stabilizing occupancy – a new Owner should be able to continue this program oof improvements to drive continued value at the property. Gated community with keypad entries to the parking lot and the property interior. Sparkling pool and attractive courtyard also add to the property appeal. Greater than 10 year ownership (actual ownership period is over 30 years). Available all cash or with attractive new financing.
• AREA HIGHLIGHTS:
• Less than a quarter mile from a major east/west thoroughfare
• Approximately 5 mi from CBD - 90,000+ jobs
• Less than 2 miles from 35 shopping ceenter anchored by Wal-mart and other major retailers such as Chick-fil-A
• Minutes from a Golf Courses, premier municipal golf courses in the area
• Less than 15 minutes from an International Airport, the major airport serving the MSA
• 6 mi from a Shopping Center, a premier class A shopping center including tenants such as Cinemark, Third Base, Rooms To Go, Best Buy, Bed, Bath & Beyond, etc.
• List Price: $1,600,000
• Number of Units: 48
• Net Rentable SF: 32,630
• Land Size & Density: 1.4169 acres; 33.87 units per acre
• Average Unit Size: +/- 680 SF
• Year Completed: 1973
Fri, 19 Aug 2011 05:34:24
Property #MF381 - Request more information
• Bank Owned Reposition Opportunity
• Multifamily Property
• South Carolina
• Price: Market Bidding
• Total Units: 74
• Leasable SF: 64,340
• Avg Unit Size: 869 sf
• YOC: 1965
• Occupancy: 78.4%
• OFFERS DUE AUGUST 19, 2011
• Bank Owner Motivated for Quick Sale
• A-/B+ Location
• All New Roofs
• New Windows
• All on-line units 100% Occupied with Waiting List (16 down units)
• ADDITIONAL REO OFFERINGS AVAILABLE - INQUIRE
• 368 Units
• 54 Units
• More!
Tue, 16 Aug 2011 09:31:20
Property #MF380 - Request more information
• HUD Property
• Ohio
• HAP conract in place
• Approx 200 Student Housing Units Plus Commercial
• High rise with the first few floors used as commercial
• Bio of buyer required (Buyer must be HUD approved)
• Price: $10.4 million
• Located 1 block from a world-renowned University
Mon, 15 Aug 2011 16:25:34
Property #MF379 - Request more information
• Bank Owned Multifamily Units
• Ohio
• 500 to 1,000 units
• Price Per Unit $6,000 to $10,000 Per Door
• Purchase only by Cash of Line of Credit (no financing allowed)
• Buyer must provide Proof of Funds
• Buyer responsible for a commission.
• Units are moving quickly - please inquire to find out current
Thu, 11 Aug 2011 18:06:48
Property #MF378 - Request more information
• Orlando 184 Unit Apartments Building
• Orlando, Florida
• 184 units
• Exact location not given until the buyer can show proof of funds.
• Appraised at $12.5
• Through Jan-May 2011, NOI is $321,592 ($64,318 per month average)
• Using $64,318 per month, that's $771,813 annually
• Occupancy is in the 90's
• B- Condition in a B location
• for 2010 NOI was $822,000
• Price: $8,500,000
• CAP: 9.08%
• Price is and will be NET TO THE SELLER ONLY
• Buyer must pay 3 points
Thu, 11 Aug 2011 20:28:12
Property #MF377 - Request more information
• Short Fuse Atlanta Apartment Deal.
• Buyer must act quickly - withing the next 48 hours!
• Apartment complex Note
• 24 Units
• 23 out of 24 is occupied
• 92,000k NOI per year
• Asking $450,000
• 20.44% CAP!
• B building in a 'B" location
• Northwest of Atlanta - about 30 miles outside of Atlanta on Interstate 75
• This is a note that is being offered for sale.
• Need to act ASAP - within 48 hours
• Contract needs to come in of $18k to $19K, close first week of September
• Proof of funds needed on the $450,000 - all cash or line of credit only
Wed, 10 Aug 2011 12:10:27
Property #MF376. Request more information
• Texas Multifamily Property For Sale
• List Price: $4,925,000
• Number of Units: 178
• Occupancy: 99% (as of 7/11/11)
• Net Rentable SF: 136,030
• Land Size & Density: 6.0 acres; 30 units per acre
• Average Unit Size: 764 SF
• Year Completed: 1969; Renovated in 1992
• Status: Available
• Strong 101.9% population increase between 2000 and 2011 within a 3-mile radius
• Attractive per unit pricing for an investor to purchase multifamily
• Opportunity to take advantage of a rising market as rents and occupancy continue to increase
• Close proximity to redevelopment, largest in-fill redevelopment in this major Texas city
• Strong cash-on-cash returns, in excess of 10%
• Attractive mix between one and two bedroom units
• An additional $25 rent increase on new leases and renewals signed today
• Light value-add opportunity to the unit interiors and exteriors.
• Seller has focused maintenance dollors on unit interiors throughout his ownership period
Tue, 02 Aug 2011 05:34:50
Property #MF375. Request more information
• Multi-Family Property TIC
• Kentucky
• TIC = Tenant in Common proportionate interest in the property.
• Constructed in 2001
• Class A- suburban multifamily property
• 13.83+ Acres with 15.32 units / acre
• 94.81% Occupied (as of 6/13/2011)
• The minimum investment is $1 million equity which will end up with a $1 million proportionatte share of the underlying mortgage for a total investmet price of $2 million. If interested in a all cash purchase for 100% of the property, this may also be possible early on and prior to committments to smaller TIC investors.
• Type: Multi-family
• Size: 212 units
• Price: $20,100,00 ($94,811/unit)
• Cap Rate: 7.38%
• This is a 212-unit, class A garden-style multi-family neighborhood. It is the only multi-family property located on a golf course as well as in the highest income quadrant in all of Kentucky. Convenient location allows residents to access the central business district if this major city. Numerous prominent universities and hospitals and employers such as Humana Headquarters, Ford, General Electric and the world headquarters of KFC/YUM brands and a large assortment of retail amenities has enabled This property to consistently rank in the top occupancy levels of this submarket.
Mon, 1 Aug 2011 13:44:59
Property #MF374. Request more information
• Cleveland Bank Owned Subdivision - SHORT FUSE
• Cleveland, OH Suburb
• This was the premiere subdivion at one time for the area!
• Can be purchased for $175k plus back taxes of approx. $400k to $500k
• Includes 7 completed homes that can sell at $200k right now
• Also includes 83 lots - the dirt is developed
• 2 to 3 of the homes are in move in condition
• Comparables - less than 1.5 miles are at $205k house and lot (april comp)
• This sale will take place imminentily at the court house steps
• The city has already thrown in $2.5 million of bond money
• These properties have a $30k impact fee which goes to the end user
• Homes should be built at no more than $1.50 PSF to complete
• The buyer will need to get a LOI in place right away
• 2011 18:54:23 -0700
Property #MF373. Request more information
• Houston Apartments
• Texas
• Units: 201
• Built: 1985
• Metering: Individual
• Parking: 299 Total Parking Spaces
• Site Acreage: 8.361
• PRICE: $7,510,000 plus 3% buyer paid fee
• Type of Buildings: 12 - Two-and Three - Story, Garden-Style
• Property Description: A very attractive garden-style apartment community that was constructed in 1985 in a desirable Houston neighborhood. The asset contains 201 units
• in 12 two- and three-story buildings on a large site totaling approximately 8.36 acres. The property offers residents five main floor plans to choose from ranging in size from a 710 SF
• one-bedroom, one-bath to a 1,111 SF two-bedroom, two-bath unit. In addition, there is one three-bedroom, two-bath unit of 1,399 SF with the property averaging a generous 965 SF per unit. Unit amenities include a standard kitchen package with pantries and upgraded
• appliances. The property has outstanding curb appeal. The exterior construction is combination of brick veneer and wood siding, pitched composition shingle roofs and poured-in-place post tension foundations. Parking and drives are concrete and are in good
• condition. Heat and air-conditioning are provided by individual ground mounted HVAC units.
• Thu, 21 Jul 2011 17:11:47
Property #MF372. Request more information
• Bank Owned Reposition Opportunity
• South Carolina
• Price: TBD by Market
• Total Units: 74
• Leasable SF: 64,340
• Avg Unit Size: 869 sf
• YOC: 1965
• Occupancy: 78.4%
• Bank Owner Motivated for Quick Sale
• A-/B+ Location
• All New Roofs
• New Windows
• 78% Occupied (16 units down) with Waiting List
• 74 unit, bank owned market rate community. This asset is located very near a shopping corridor and is considered a B+ location with excellent visibility and ease of ingress/egress. All 74 units are townhomes and a majority of the units are two bedrooms. Currently 78% occupied, this property has 16 down units with a waiting list for the first available units. The roofs are currently being replaced (5 buildings completed as of July 21st), the street side windows are all recently replaced, and the outside brick structure appears to be in good overall shape with no visible structural issues. Air conditioning units have been maintained, as well as the heat systems, and some appliances (refrigerator and stoves) have been replaced. The 16 down units need minor updating (carpet, vinyl) and most kitchens and bathrooms are intact and do not appear to require major renovations. The unit layouts are not dated as the bedrooms are good sized and the kitchens are very functional.
• Overall, this property is an incredible opportunity to acquire a smaller, well located complex that offers an investor substantial equity potential and excellent cash flows after improving the present operations and addressing the outstanding capital requirements. This property will have multiple opportunities to visit as there will be offering at least 3 August property tour dates with an official "Call for Offers" scheduled for the first week of September.
• Thu, 21 Jul 2011 17:00:53
Property #MF371. Request more information
• 92 Units
• San Antonio, Texas
• Offers Due By Thursday, August 18, 2011
• 7.50% cap rate on in-place NOI
• 12.00%+ cash-on-cash return on in-place NOI (new loan)
• Outstanding location
• Extra large floorplans
• New class A+ building (12 units) added in 2010
• Year Built: 1984 & 2010
• NRA: 93,364 Square Feet
• Number of Units: 92 Units
• Average Unit Size: 1,015 SF
• Average Rent PSF:$0.80
• Occupancy: 96.7% (as of June 20, 2011)
• Price:$6,900,000
• Terms:All Cash or Loan Assumption
• Status: Please Submit All Offers By Thursday, August 18, 2011
• Fri, 22 Jul 2011 01:30:25
Property #MF370. Request more information
• 900+ units in Houston area
• Most, if not all tenants pay in CASH monthly
• Owner has spent $8MM on rehab
• Appraised $30MM.
• Price: $20MM net to seller.
• Buyer responsible for commissions (no seller-paid commissions)
• Wed, 20 Jul 2011 14:44:30
Property #MF369. Request more information
• We have a couple small Multifamily properties we are just receiving more on
• Georgia
• One is 24 units and one is 32 units.
• One is $1,350,000 and the other is $1,900,000.
• Both great locations in an Atlanta suburg where a University exists
• If there is interest, we can send more info.
• Wed, 20 Jul 2011 17:14:12
Property #MF368. Request more information
• 25 Apartment Units - 19.31 CAP on Actuals
• Indiana
• Just outside of Indianaplois
• No deferred maintanance
• Price: $435,000
• Currently grossing about $9,000 per month ($108,000)
• Net Operating Income is approx. $7,000 per month ($84,000)
• CAP; 19.31%
• B+ to A- Condition in a B+ location
• Already rehabbed
• Currently 99% occupied
• Tue, 19 Jul 2011 10:13:36
Property #MF367. Request more information
• 54-Unit Multi-Family Housing Opportunity
• North Carolina
• Located in a master planned mixed-use development.
• Within walking distance of Downtown, Hospital, restaurants, and several other amenities.
• The subject property, located adjacent to Charlotte, NC
• Part of a master planned condo association
• It is part of a new mixed use development with restaurants, office and residential
• planned.
• The property has the desirability of dowtown a pedestrian atmosphere, downtown entertainment, great accessibility, surrounded by quality developments,with close proximity to a Hospital and associated medical services.
• The 54-Unit Class A Apartment Community is currently being constructed with delivery of the first two buildings in August 2011, and the third and last building in early 2012.
• Price: Tbd By Market
• Total Units: 54
• Rentable Square Feet: 43,000 ±
• Average Unit Size: 759 Sq
• Market Rent Per Unit: 765
• Market Rent Per NSF: $1.05
• Occupancy: Leasing
• Mon, 18 Jul 2011 18:45:14
Property #MF366. Request more information
• UPSIDE 674 units - Going Into Receivership
• Southern Ohio
• Upside Potential Galore!
• Going into receivership
• Will hit hard and fast next week to the court appointed receiver
• Update:
• The revised number for this deal is that it will go for around $4.5 million
• Gross Income on 41 doors per month is approx. $16,732 ($200,784 Annual)
• Net Income is currently approx. $76,000.
• 42 doors are yet to be completed.
• Condition: C to B- condition in a B location
• Mortgage financing may not be permitted at closing (all cash only).
• Buyers will need to follow strict purchasing protocol.
• Buyer will need to submit a Proof of Funds (the "POF") stating that the buyer has liquid assets or an available line of credit sufficient to cover the amount of the desired transaction of properties and broker's fee.
• Buyer will need to sign a NCND Agreement and a Master Fee Agreement calling for a buyer-paid broker's fee
• Thu, 14 Jul 2011 03:44:34
Property #MF365. Request more information
• Upside 83 Unit Apartment - MUST BE MOVED
• Cleveland, OH
• Price: $550,000
• 41 units occupied
• 42 left to be rehabed
• Value after completed: $3.8 million
• Gross income in current condition: $16,000 monthly / $192,000 Annually
• Thu, 14 Jul 2011 03:44:34
Property #MF364. Request more information
• $800,000 Funding Needed
• This Ft. Lauderdale, Florida buyer has just put an offer on a 5 Unit prime Ft. Lauderdale property
• They need a mortgage for it.
• Purchase price is $1 million.
• They I can put $200,000 down payment.
• They are seeking a 15 to 20 year mortgage for $800,000 with some kind of exit strategy in case they want to refinance the property in the future.
• It is a 5 plex 4 X 2 bedroom X $1.650 per month, plus one bachelor for $1000 = $7,600 current monthly income.
• In addition they will develop 7 docks. One dock 100' long on the west side will rent for $1500. Six docks on the east side will rent for $600 each = $3600 . Total dock income $5,100 per month.
• The current owners didn't accept an offer for $3.75 million at the peak in 2005.
• A 2011 assessment is $1.1 million
• Tue, 12 Jul 2011 09:12:14
Property #MF363. Request more information
• Apartment Buildings, Office Buildings & Land
• New York City
• We have office buildings and apartment buildings for sale in New York City
• We also have land for sale (approved for individual family homes)
• We also have small shopping centers
• Mon, 11 Jul 2011 10:25:34
Property #MF362. Request more information
• Student Housing
• North Carolina
• Price: $8,750,000
• Net Operating Income: $612,856
• Cap Rate:7%
• Units: 144
• Stories:3
• Year Built: 2005
• 144 Bedrooms/144 Bathrooms - 100% Leased
• Less Than 1 Mile From A State University
• Part of A 700+ Bed Student Housing Portfolio
• Historically 100% Occupied Since Construction
• Date: 11 Jul 2011 07:01:39
Property #MF361. Request more information
• Student Housing
• North Carolina
• Price: $5,500,000
• Net Operating Income: $277,291
• Cap Rate:7%
• Units:64
• Occupancy:100%
• Stories: 3
• Year Built: 2006
• Land: 0.99 acres
• 64 Bedrooms/64 Bathrooms - 100% Leased
• Directly Across From The University Entrance
• Value Add Oppt./Additional 40 Beds Can Be Built
• High Density Location For New Construction
• Date: 11 Jul 2011 06:58:50
Property #MF360. Request more information
• Single Family Home Portfolio
• New Jersey
• Price: $6,250,000
• Net Operating Income: $550,000
• Cap Rate: 8.50%
• Units:39
• Building Size:78,000 SF
• Year Built: 1970
• Land:10 acres
• Fully Rehabbed
• Granite Countertops, Stainless Appliances, new Central HVAC
• Offered Lease Purchase Agreements with several tenants which may be executed above sales price
• Portfolio of 39 SF homes. All homes were rehabbed approximately 1 year ago and have Granite Countertops, SS Appliances, new carpets, new/newer roofs, new HVAC systems and hot water heaters, fully redone bathrooms, etc. All homes are currently occupied. They are a variety of Ranches, Cape Cods, and 2 Storied Homes. All tenants are screened with credit, and eviction history, and sufficient income among other items.
• The homes owned are through the township, but none are prime areas. They avoided the lowest priced areas.
• Date: 8 Jul 2011 07:07:33
Property #MF359. Request more information
• Apartments - VALUE ADD OPPORTUNITY IN GROWING SUB-MARKET
• North Carolina
• Total Units: 176
• OFFERS DUE FRIDAY, AUGUST 12
• Price: $6,900,000
• LSF: 156,816
• Average Rent: $686
• Rent per SF: $0.77
• Average Unit Size: 891
• YOC: 1988
• Occupancy: 94.9%
• Financing: Assumable
• Year 1 ROE: 22.1%
• Above average return to equity (20%+ in Year 1) due to the assumable, in place debt - low up front equity requirement, 5 years term remaining, 5.8% interest rate
• Sound in place economics with the value-add potential in cosmetic improvements
• Excellent location which provides a quiet community setting with close proximity to abundent employers and area conveniences
• Upward trending fundamentals not only in the sub-market, but especially on this asset
• Attractive amenity package for product category
• Wed, 6 Jul 2011 10:21:13
Property #MF358. Request more information
• Apartments / Retail
• Ohio
• Price: $1,190,000
• Net Operating Income: $148,579
• Cap Rate:12.50%
• Units: 27
• Stories:3
• Year Built: 1927
• Land: 0.52 acres
• Tax ID / APN #:176-0022-0046-00 & 0049-00
• 12.5% CAP Based On 2010 Actuals
• 27 Apartment Units Plus 8 Retail Spaces - 100% Occupied
• Many Updates Including Newer Roof, Windows & Boiler
• Next To Brand New Kroger Marketplace
• Date: 7 Jul 2011 11:50:38
Property #MF357. Request more information
• Beach Multifamily Portfolio Opportunity
• Southern California
• Price: $16,690,000
• Net Operating Income: $625,536
• Cap Rate: 3.70%
• Units: 52
• Building Size: 35,372 sf
• Year Built: 1960
• Land: 0.78 acres
• Pride of Ownership, Ocean-Front Investment Opportunity
• Two Individually Deeded Properties on Over 3/4 Acre of Land
• Ease of Management Properties and Historically High Occupancy
• Huge Upside in Under Market Rents and No Rent Control
• Average Rent - $1,778 (Realfacts, 1 Qtr 2011)
• Median Home Value - $719,000 (Dataquick, Apr 2011)
• Rarely available pride-of-ownership, ocean-front property.
• Well maintained properties and typically 100% occupied.
• The properties are not subject to rent control restrictions. Additionally, ownership has not significantly increased rents thus offering future rent growth with a value-add opportunity.
• The properties will be delivered free and clear of debt, thus allowing a new owner to take advantage of today' s low interest rate market.
• Amenities include private garages, ocean views (some units), granite countertops
• (some units), and laundry facilities.
• Portfolio offering of two distinct properties available separately or together: 20 units priced at $6,295,000, and 32 units priced at $10,395,000.
• Near a charming collection of over 300 eclectic shops, restaurants and services, located just to the south of the property.
• The 20 total units consists of two studio apartments, sixteen one-bedroom apartments, and two two-bedroom apartments. Constructed in 1960, the building is two stories over tuck-under, private garages, and is situated on more than ¼-acre of land including landscaped frontage. Residents may choose one of five thoughtfully laid-out floor plans. Cozy studio apartments average 276 square feet, one-bedroom apartments range from 586 square feet to 653 square feet, and the two-bedroom apartments average 819 square feet. The property is steps away from the beach.
• The second 32 units consists of two 16-unit, two-story buildings over tuck-under, private garages on 3 parcels of land totaling nearly ½-acre. Each building was constructed in 1961. The property features landscaped frontage along the walk way and the beach, and tremendous curb appeal and visibility. Residents may choose one of five thoughtfully laid-out one bedroom floor plans ranging from 550 square feet to 729 square feet. Residents enjoy an ocean-front location on the west side of the walk way.
• Thu, 7 Jul 2011 10:09:43
Property #MF356. Request more information
• 152 Unit Multifamily
• North Carolina
• Value add opportunity in thriving location
• Price: $6,650,000
• Total Units: 152
• LSF: 148,960
• Average Unit Size: 980
• YOC: 1972
• Occupancy: 96.7%
• Financing: Assumable
• Year 1 ROE: 26.1%
• Extremely Attractive Return on Equity (25%+ Year 1) due to the assumable debt - 5 years remaining, 5.8% rate
• Sound in place Economics with room to push rents to market levels
• Located in area of rapid growth and development with direct access to an Interstate Highway
• Value add components via cosmetic improvements and amenities enhancement
• Thu, 7 Jul 2011 10:35:26
Property #MF355. Request more information
• 294 Unit Brick Apartments
• North Carolina
• Price: $9,250,000
• Net Operating Income: $700,225
• Cap Rate:7.57%
• Occupancy: 93%
• Land: 16.08 acres
• Attractive property, professionally managed, with 294 units in 9 three-story brick buildings. Property sits on 16.08 +/- acres. Fenced pool with sun deck, laundry facilities, children's playground, outside secured storage, covered breezeways, exterior sheltered kiosks with secured mailboxes and manicured mature landscaping with black wrought iron style fencing surrounding property. Owner is broker.
• Located in a middle class neighborhood. The area is built-out primarily with a mix of apartments, suburban office and medical office buildings. It is very convenient to the Interstate and major employers such as a Medical Center, a Baptist Medical Center and a Mall (the largest mall in North Carolina (1.6 MSF) and home to over 200 stores).
• Buyer responsible for a buy-side commission
• Wed, 06 Jul 2011 22:13:17
Property #MF353. Request more information
• Student Housing
• North Carolina
• Price: $9,950,000
• Net Operating Income: $507,367
• Units: 63
• Building Size: 50,528 sf
• Land: 1.56 acres
• Mixed Use Development Opportunity-100% Occupied
• Existing 63 Beds - 100 Yards Away From Campus
• Additional Beds Can Be Constructed Up To 528 Beds
• Part of A 700+ Bed Student Housing Portfolio
• Date: 30 Jun 2011 17:54:50
Property #MF352. Request more information
• Luxury Condominiums
• Houston, Texas
• Bank Owned Property For Sale
• Price:Reduced to $8,900,000
• No. Units:29
• Building Size:59,000 SF
• Price/Unit:$306,896.55
• Property Type:Multifamily
• Property Sub-type:Mid/High-Rise
• Property Use Type:Investment
• Distressed:Yes
• Lot Size:32,500 SF
• Historic warehouse renovation to upscale four story condominium project
• 1923 Historic warehouse renovated in 2009
• 29 condominiums (1,039 SF to 2,950 SF)
• Suggested retail prices from $212K to $545K
• Four stories with attached parking garage
• 59,00 SF of air conditioned & heated space 19 of 29 units currently leased generating
• income of $30,000 per month
• Date: 23 Jun 2011 15:28
Property #MF351. Request more information
• Apartments
• Oklahoma
• Price:$2,400,000
• Net Operating Income: $277,746
• Cap: 11.6%
• Units: 87
• Building: 41,861 sf
• Stories:8
• 11.6% Cap Rate based upon 2010 Actuals
• Near Zero upkeep exterior
• 100% Occupied
• 11.6% Cap rated calculated using 2010 Financials (not proforma)
• Priced to SELL quickly at a BELOW MARKET Price.
• This 87 unit apartment offers great views and a near zero upkeep due to the entire building constructed of poured in place concrete (including the roof).
• This is an 8 story property with a full basement.
• The property consistently operates in the upper 90% occupancy range, with 57% of its current tenant base is on Housing assistance. The longest term tenant has been there 17 years, with a handful over 10 years. All units are 1 bed or studios and there is a waiting list nearly every month (all tenants are on yearly leases).
• This property is priced to sell quickly and there is no known deferred maintenance at the complex. The hot water boiler was replaced in 2008, and both elevators underwent a $170,000 refit in 2009.
• The property overlooks a River to the west, Downtown to the north, and a city park to the east. It is within blocks of 3 major highways.
• Date: 30 Jun 2011 13:47:44
Property #MF350. Request more information
• Not Marketed / Direct from Bank
• Located in Georgia and Tennessee
• 908 MF Units
• In Bank Foreclosure
• $13,000 @ unit
• Purchase Price: $12,000,000
• Class C Apartments
• Buyer pays 5% Commission
• Mortgage financing Is not permitted at closing.
• Buyers will need to follow strict purchasing protocol.
• Buyer will need to submit a Proof of Funds (the "POF") stating that the buyer has liquid assets or an available line of credit sufficient to cover the amount of the desired transaction of properties and broker's fee.
• Buyer will need to sign a NCND Agreement
• Buyer will need to sign a Master Fee Agreement calling for a buyer-paid broker's fee
• Thu, 23 Jun 2011 16:02:39
Property #MF349. Request more information
• Trophy Manhattan Multifamily
• New York
• Highly Confidential and Off-market
• $320 million
• Also available from same group:
• Trophy Manhattan Office Building
• $325 million
• Both properties are in contract to purchase.
• Both properties have assumable loans that will be assumed
• Approx. $90 million in cash is needed to close each deal.
• The current buyer will allow an investor to come in with half (approx. $45 million) for each deal and in exchange, the investor will receive a 50% interest in the properties
• These are being purchase for market caps that Trophy Manhattan properties sell at (5.00% to 5.50 CAP)
• Buyer will be responsible for a buy-side commission
• Mon, 27 Jun 2011 12:23:28
Property #MF348. Request more information
• Florida Multifamily For Sale
• County: Lee
• Property Condition: Leased Up and Turnkey
• City: Ft Myers, Florida
• Year Built: 1980
• Type of Building: Low Rise
• Number of Units: 12
• Number of Stories: 2
• Building & Location Grade: C Grade Property in a C Grade Location
• Occupancy: The property is currently 100% occupied
• Price: $521,000
• CAP: 9%
• NOI (Current): $45,600
• Terms of Sale: Available for All Cash
• New Loan Quote: Seller has new loan quote as follows... 25 yr amm/ 6% 20% down
• Mon, 27 Jun 2011 07:50:58
Property #MF347. Request more information
• Apartments
• Las Vegas, NV
• Price: $8,400,000
• Net Operating Income: $1,061,760
• Cap Rate:12.64%
• Units:244
• Building Size: 158,561 sf
• Year Built: 1977
• Land: 8.13 acres
• Lender-Approved Short-Sale
• Offers Due - July 15, 2011
• Substantially Below Replacement Cost
• Value-Add, Upside Potential
• Date: Mon, 27 Jun 2011 10:07
Property #MF346. Request more information
• Apartments
• Texas - Houston
• Price:$1,500,000
• Units: 57
• Cap Rate: 10%
• Occupancy: 21%
• Two story brick courtyard style apartments, built in 1972, open parking spaces, units include; elec range/oven, refrigerator, dishwasher/disposal.
• Pitched roof, approximately 50% individual metered tenant pay electric, new rheem a/c (3) units 2010, laundry room
• Approximaterly 28 miles from of Houston, accessible by IH45.
• Location is near shopping, schools and area workplaces.
• Date: 27 Jun 2011 08:42:40
Property #MF345. Request more information
• Student Housing
• North Carolina
• Price: $5,850,000
• Net Operating Income: $392,170
• Cap Rate:6.70%
• No. Units:134
• Building Size: 39,600 sf
• No. Stories: 3
• Year Built: 1995
• 134 Beds - Walk To Campus
• 100% Occupied & 100% Pre-Leased For 2011-2012
• Part of 700+ Bed Student Housing Portfolio
• High Density Location For New Construction
• Additional 56 Beds Can Be Built For A Total Of 190
• Date: 27 Jun 2011 06:39:06
Property #MF344. Request more information
• Apartments
• California
• Price: $5,475,000
• Net Operating Income: $245,882
• Cap Rate: 4.50%
• No. Units: 25
• Land: 16,496 sf
• Apartments are very well located in downtown of this Northern California city.
• This well kept property has an excellent unit mix.
• There are 2 two bedroom/2 bath apartments, 2 two bedroom/1 bath apartments, 13 one bedrooms and 8 studios.
• A majority of the units in the building have been extensively renovated.
• There are 36 parking spaces, 29 covered and 7 open.
• The building has a coin operated common laundry area as well.
• The apartments are well laid out and have dishwashers, microwaves, ceiling fans, electric ranges, baseboard heaters and ample closet space.
• Most of the apartments have good natural light.
• The units are separately metered for electricity.
• This property is very well located in desirable area close to downtown restaurants and shops and has easy freeway access.
• Date: Mon, 27 Jun 2011 01:54:53
Property #MF343. Request more information
• Apartments
• South Carolina
• Price: $2,600,000
• Total Units: 100
• LSF: 117,200
• Average Unit Size: 1,172
• Price per Unit: $26,000
• Price per SF: $22.18
• YOC: 1972
• Occupancy: 98.0%
• Value Add Component
• Strong In-place Occupancy
• Market Leading Unit Sizes
• Recent Capital Projects and Physical Improvments
• Attractive Condition for Class C Product
• Ability to Push Rents
• Fri, 24 Jun 2011 14:16:39
Property #MF342. Request more information
• Brooklyn Apartments
• New York
• Price: $5,250,000
• No. Units: 6
• New built building in prime location.
• Building is 100% occupied with great income.
• 6 duplex apartments
• Six (6) story mixed-use, walk-up buildings
• All units are individually metered, all have terraces, and common roof deck on the top.
• Property has a tax abatement and it is possible to be sold as condos in the future.
• Building gets $300,000 in rent income with very low expenses.
• 2 blocks from the L train, which is mins into Manhattan.
• Area boasts many restaurants,shops, and bars.
• Popularity of neighborhood has shown tremendous growth in the neighborhood.
• City of NYC is building a whole new waterfront park
• Date: 24 Jun 2011 08:45:48
Property #MF341. Request more information
• Student Housing Portfolio
• North Carolina
• Price: $58,950,000
• No. Units: 719
• Building Size: 272,419 sf
• Price/Unit: $81,988.87
• 719 Existing Beds
• Up To 1688 Additional Beds May Be Constructed-High Density
• Portfolio Of Student Housing, Mixed Use Complexes & Land For Development
• Most Located Within Walking Distance To Class
• Majority Of The Units Have High End Finishes
• All Units Are Rented By The Bed On A 12-Month Lease With Parental Guarantee
• Investment offering which is a substantial portfolio of off-campus student housing consisting of 700+ beds, mixed use complexes, along with land for additional student housing development up to approximately 1,600 beds.
• This is an excellent opportunity to control the off-campus student housing.
• High barriers of entry and lack of available developable land nearby will preserve the desirability of these properties.
• The investment offering servs a State University.
• The offering consists of 13 properties strategically located around the State University Campus.
• Most of the communities are within walking distance to class.
• Date: 23 Jun 2011 19:29
• The property is priced based on the 2011 scheduled income and 2010 actual expenses.
• The complex is located across the street from the campus & state-of-the-art recreational center.
• The University is considered to be one of the original eight Public Ivys.
• The student housing market has a strong demand for affordable & suitable student housing apartments.
• The city is extremely supply-constrained city & this property offers the rare opportunity to acquire student housing with upside opportunities.
• Amenities/Facilities
• One of the largest 2/1 bath units offered in the University housing market.
• Each unit features walk in closets, separate vanity area off of bathroom, fully equipped kitchens and separate dining room, the building is also cable and high speed internet accessible.
• The property also offers on-site laundry facilities.
• Thu, 23 Jun 2011 19:14
Property #MF341. Request more information
• Student Housing
• Ohio
• Price: $880,000
• No. of Buildings: 1
• Building S.F.: 17,628
• Total Units: 18
• Occupancy: 100.00 %
• Lot Dimensions: 150X150
• Year Built: 1969
• No. of Stories: 3
• Location Class: A
• Building Class: B
• Foundation Type: Concrete slab
• HVAC: Electric Radiant
• Roof Type: Flat Rubber
• Zoning Type: R2
• We also have an 78 unit student housing property (#MF322) less than 1 block away from this property where owner is offering owner financing.
• Home to a prestigious University.
• This is an excellent opportunity to purchase a well maintained, stabilized & financeable asset.
• The community is 100% occupied for the 2010-2011 school year & is pre-leased for the 2011-2012 school year.
• This is a value added opportunity as rents are below market.
• The property is priced based on the 2011 scheduled income and 2010 actual expenses.
• The complex is located across the street from the campus & state-of-the-art recreational center.
• The University is considered to be one of the original eight Public Ivys.
• The student housing market has a strong demand for affordable & suitable student housing apartments.
• The city is extremely supply-constrained city & this property offers the rare opportunity to acquire student housing with upside opportunities.
• Amenities/Facilities
• One of the largest 2/1 bath units offered in the University housing market.
• Each unit features walk in closets, separate vanity area off of bathroom, fully equipped kitchens and separate dining room, the building is also cable and high speed internet accessible.
• The property also offers on-site laundry facilities.
• Thu, 23 Jun 2011 19:14
Property #MF340. Request more information
• Confidential
• 162 Units
• Nashville, TN
• Price: $4.86 million
• 81% occupied
• 87% pre-leased
• Rehabbed
• Located in a good transitional area
• Low Rise
• Two Story
• B condition units in a C class neighborhood
• Thu, 23 Jun 2011 13:30:53
Property #MF339. Request more information
• Eastern Maine Multifamily For Sale
• County: Hancock
• Property Condition: Leased Up and Turnkey
• Year Built: 2003
• Type of Building: Low Rise
• Number of Units: 16
• Number of Stories: 2
• Building & Location Grade: A Grade Property in a A Grade Location
• Occupancy: The property is currently 100% occupied
• Land Area: 6.5 Acres
• Price: $1,500,000
• CAP: 11%
• Price Per s.f.: $98.46
• NOI (Current): $135,000
• NOI (Potential): $140,000
• Terms of Sale: Available for All Cash
• Thu, 23 Jun 2011 13:26:22
Property #MF338. Request more information
• Suites / Apartments
• Florida
• Price: $6,300,000
• Cap Rate:10%
• No. Units: 140
• Occupancy: 92%
• No. Stories: 2
• Year Built: 1966
• Land: 7.85 acres
• Consist of 12 buildings total of 140 apartments located in the city of Orlando Florida in Orange County
• 113 apartments have two bedrooms & one bath with over 1,000 SF under air & 27 units 1/1 B over 825 SF each with a nice patios on the back over looking beautiful land escaping with a lot of Oak & Palm trees & two swiming pools.
• This property is total of 7.85 ± Acres, 135,275 SF. 254 Parking sps.
• It is only Minutes to Downtown & I- 4.
• The subject is located on amajor road tha provides access to both these major commuter and business thoroughfares & it is only 3 miles to a mall minutes to turnpike.
• The 12 buildings were constructed in 1966 over 7.85 ± acres.
• All 12 buildings were constructed of concrete block with brick facials & it is very solids construction all the walls on the upper floor made of concrete block & between the Floors also made of concrete.
• All buildings have new shingle roof, 2005 new fair alarm system, 2006.
• All of the units feature oversized floor plane, individual center heat and air -conditioning, fully equipped kitchens and a private screened in patio or balcony.
• All the units have separate meters.
• Description...............................No. Units.............Sq. Ft.
• One Bedroom/One Bathroom...27........................825
• Tow Bedroom/One Bathroom...27........................825
• Tow Bedroom/One Bathroom...27........................825
• Date: 22 Jun 2011 13:39
Property #MF337. Request more information
• Townhomes
• Augusta, Georgia
• Augusta is the home of the annual Master's Golf Tournament
• Current occupancy - 100%
• Price: $900,000
• Seller will accept $850,000 on quick closing
• NOI = $95,025 (2010)
• Townhomes: B Property in B/B- location
• 18 units - (2 bedroom and 1 1/2 baths)
• Upside- stays 100% occupied as well managed by local owner
• Can raise rents from $575/$595 to $600/625 due to location and property's present appearance
• Date: Mon, 20 Jun 2011 19:35
Property #MF336. Request more information
• Oklahoma Apartments
• Purchase Price: $14,650,000
• Terms of Sale: Cash
• Buyer to Obtain New Financing (existing assumable financing is noted on following page for reference)
• Price Per Apartment Unit: $45,781
• Price Per Net Rentable Sq. Ft. $73.25
• Cap Rate:(Based on Proforma)7.02%
• Cash-On-Cash:(Based on Proforma) 8.58%. 14.22% with Principal Reduction
• Property Description: Two-story garden style apartment community with an
• excellent location. The property is located in a highly acclaimed School District and
• has convenient access to two major Interstate Highways. This is a very
• popular area and within minutes of major employers, shopping, dining and entertainment.
• Number of Units: 320
• Number of Buildings: 21 two-story apartment buildings and 1 single-story office/
• laundry building.
• Year Built: 1985 (according to courthouse records)
• Apartment Features: Fully equipped kitchens l Breakfast bars l Accent lighting l
• Generous closets l Ceiling fans l Private exterior storage l Microwave ovens
• Property Amenities:
• Swimming Pool
• Covered Parking
• School District
• Laundry Facility
• Construction:
• Style: Two-Story Garden Style
• Exterior: Brick Veneer with wood trim and composite siding
• Roof: Gable Roofs with Composition Shingles (New in 2010)
• Mechanical System:
• Electrical Metering: Individually Metered
• HVAC: Individual HVAC
• Hot Water: Individual Hot Water Heaters
• Water: Provided by Property
• Site/Land Area: 12.41 acres (according to courthouse records)
• Density: 25.78 units per acre
• Current Occupancy: 96%
• Date: 20 Jun 2011 06:18
Property #MF335. Request more information
• Apartments in Receivership
• Ohio
• Price $2,900,000
• Units: 99
• Price/Unit: $29,293
• SF (approximate): 70,153
• Price/SF: $41.34
• Cap Rate (FY1): 9.14%
• Leveraged Yield (cash on cash): 13.36%
• Avg. Unit Size: 709
• Year Completed: 1949
• Occupancy: 96%
• This offering represents an excellent opportunity for an investor to acquire 99 units in three, four-story buildings.
• The Property is located in a community located five miles from Cleveland, Ohio
Property Highlights
• These apartments presents an asset that is stabilizing.
• It is currently under receivership.
• The property is located in a community of over 49,000 residents and is the third largest city in the County.
• It has a large number of multi-family buildings spread throughout the city-both garden and high-rise.
Key Attributes
• Near convenient shopping and schools
• Not far from Lake Erie
• Access to Interstate 90 is less than one mile away
• Individual furnaces
Improving Property Performance
• Under the receivership the property has seen steady improvement in occupancy and fewer concessions.
Well Located Community
• These apartments offers a convenient location for residents.
• A short five minute commute for its residents to Downtown Cleveland.
Good Visibility
• These apartments are well positioned near shopping and schools.
• Lake Erie is a short walk.
• An indoor ice skating arena, is a draw, in addition to the local parks.
Community Features
• The property consists of 99 units, primarily one-bedrooms, in three separate buildings.
• An underground garage for parking is a special feature.
Sun, 19 Jun 2011 17:04:56
Property #MF334. Request more information
• Metropolitan Apartments
• Texas
• Price: $9,430,000
• Net Operating Income: $844,904
• Units: 236
• Building: 170,564 sf
• Cap Rate:8.70%
• Year Built:1977
• Land: 21.40 acres
• High end renovation with modern amenity package, stable B Class asset
• Great location on major Loop in strong rental market
• High submarket occupancy averaging 92%
• Individually metered for electric with RUBS in place for water/sewer, gas and trash
• Actual 8.7% cap rate, ROE 13.04%, 19.70% IRR
• Over $1,445,000 in capital improvements since 2007
• Extensively renovated in 2007 with over $1,445,000 in capital improvements to date.
• Along with a new name the property was given a new image with a contemporary look which includes:
• Steel laminate stair and balcony rails, modern colors, updated hardware and electrical outlets/switches and cherry wood entries.
• In 2010 the Owner replaced the gas boiler system, updated the 3 owner operated laundry rooms (added 41 new machines), upgraded the Wi-Fi system to a state-of-the-art commercial grade system and resurfaced most of the parking lot.
• The property has an extensive amenity package which, in addition to the items mentioned above, includes: A fitness center, business center, coffee/snack bar, tanning salon, and sparkling pool with sundeck.
• The property was constructed in 1977 and is individually metered for electric with individual HVAC units while gas, water and trash are currently allocated to the tenants.
• The property is constructed of mostly brick with some wood siding on concrete slab foundations and pitched composition roofs.
• This property might be considered a Class A location with excellent visibility and approximately 600 feet of frontage on the Loop where more than 60,000 vehicles pass daily.
• It is also across the Loop from a Mall, the only mall within 120 miles servicing a population of approximately 500,000.
• The Mall has 161 stores, with 5 anchors and is a major employment source in the area.
• The population was reported to be 187,802 in 1990 and has grown to 218,327 (2009) and is expected to be 232,380 by 2020 according to ESRI.
• Along with being a county seat, this city is home to several prominent private employers and home to two major universities: A University (28,000+ students), and another University (2,000+ students).
• Both universities have recently seen rapid growth.
• Sat, 18 Jun 2011 11:01
Property #MF333. Request more information
• OFFERS DUE JUNE 30
• Multi-Family Offering
• North Carolina
• Class A
• Attractive Assumable HUD debt
• Market Leading Amenity Package
• Optimal Physical Condition & Structural Quality
• Strong in place Economics
• Attractive Returns for Class A Product
• Ability to Push Rents
• 280 Units
• Total Units: 280
• LSF: 281,720
• Average Unit Size: 1,006
• Rent per SF: $0.81
• YOC: 2001/2004
• Occupancy: 89.5%
• THIS PROPERTY IS AVAILABLE AS AN INDIVIDUAL PURCHASE OR IN CONJUNCTION WITH ANOTHER NC MULTI-FAMILY PROPERTY.
• INQUIRE ABOUT PRICES.
• Thu, 2 Jun 2011 15:38:30
Property #MF332. Request more information
• CALL FOR OFFERS - DUE THURSDAY, JUNE 30
• Class A Apartment
• North Carolina
• Amongst one of the South's Most Fundamentally Sound Military Markets
• Total Units: 308
• LSF: 303,890
• Average Unit Size: 987
• Rent per SF: $0.86
• YOC: 2001/2005
• Occupancy: 95.1%
• Opportunity for a new owner to acquire a Class A apartment asset
• Conveniently located off two Interstate Higheays
• The property was constructed in two phases, 2001 and 2005
• The property offers top of the market lifestyle ameninities for the area's strong tenant concentration.
• Phase I consists of 224 units, and phase II includes 84 units, totaling 308 units.
• The quality of construction of this property is unmatched in its market, as diligent care was given to community design and unit layout.
• An abundance of new area development in retail, office, medical, and entertainment offer a highly amenitized quality of life for residents in this community.
• The location of this asset offers direct access to employment centers, highways and transportation thoroughfares, and close proximity to local retail and shopping.
• The property's high occupancy can be attributed to the highly concentrated tenant population of the area and the positive economic impact of two military bases.
• These sizeable economic drivers contribute more than $4.5 Billion to the city annually.
• In addition, FORSCOM and USARC Headquarters are relocating to one of the military bases by the summer of 2011 as part of the BRAC (Base Realignment and Closure) initiative, which recommended Fort McPherson in Georgia be closed.
• The move will result in an influx of over 30,000+ people to the area, which will continue to strengthen the overall economy and local business community, further increasing unit demand.
• The owners have not set a price or Cap rate as their goal is to allow the market to set those numbers.
• They will have a call for offers in June of 2011.
• They will also be releasing a second property (280 units) that can be added to the first to obtain a larger number of units.
• There will be a third complex that is not quite ready yet that will be released in the Fall of 2011 that may also be added (all same ownership group) for a combined total of +/-860 units.
• Fri, 17 Jun 2011 11:14:00
Property #MF331. Request more information
• Houston, Texas Multifamily REO Opportunities
• Houston, TX
• Built: 1985
• Asking Price: $7,510,000
• Units: 201
• Site Size 8.361 Acres
• 12 Buildings
• Two and Three Story Garden Style
• Houston, TX
• Built: 1982
• Asking Price: $5,000,000
• Cap Rate: 9.25%
• Units: 180
• Site Size: 6.49 Acres
• B Market Place
• NOI: $638,608 / 2010
• Houston, TX
• Built: 1979
• Asking Price: $5,450,000
• Cap Rate: 9.9%
• Units: 348
• Site Size: 9.72 Acres
• NOI: 625,690/ 2010
• Texas Portfolio of 21 Apartment Complexes
• Totaling 3,124 units
• Price: $170,000,000
• Total NOI:$14,769,332
• 8% Cap after $350K in reserves
• 95.4% Occupied
• $130MM assumable 1st TD at 5.67% interest rate
• Can not be Cherry Picked - has to be taken down in its entirety
As is common with any REO or Note purchase, mortgage financing Is not permitted at closing. Buyers will need to follow strict purchasing protocol that will include:
• Buyer must submit a Proof of Funds (the "POF") stating that the buyer has liquid assets or an available line of credit sufficient to cover the amount of the desired transaction of properties and broker's fee.
• The signing of a NCND Agreement
• The signing of a Master Fee Agreement calling for a buyer-paid broker's fee
• Thu, 16 Jun 2011 13:37
Property #MF330. Request more information
• Multi-Family Investment
• Augusta, Georgia
• Augusta is the home of the annual Master's Golf Tournament
• Note: We have a present contract on this property, but no loan approval and Seller wants a closing in 30 from this Buyer as he is taking way too much time on finding financing. Seller needs to close on a 1031 Exchange as quickly as possible due to loss of time.
Very motivated who just lost a buyer due to the buyer not being able to obtain a loan!
Priced very, very rock bottom and at a deal price, however, the owner has some small flexibility if a buyer can close reasonably quick with a 30 to 45 day closing.
• Property constructed in 1971, on 2.22 acres
• 2 Story, 40 unit Apartment Property recently upgraded
• Approximately 30 of the 40 units are currently leased
• Brick veneer exterior for low maintenance
• A New Roofs installed in all buildings 9/2005 at a cost of $40,000.00
• Property sold "AS-IS" only
• Offered at: $1,325,000
• NOI: $107,883
• CAP: 8.14%
• The units are all 2 bedroom and 1 1/2 bath
• B/B- Property in B/B- location
• Rehabbed - about 6 years ago
• Upside: Can raise rents from $450.00 to $550.00 to $585.00 monthly with basic cosmetics to each apartment such a new paint, appliances, carpet, and kitchen & bathroom cabinets.
• Thu, 16 Jun 2011 16:53
Property #MF329. Request more information
• Multi-Family Portfolio
• Missouri
• Price: $6,650,000
• Net Operating Income: $709,377
• Cap Rate: 9.51%
• Occupancy:96%
• Package of 31 buildings containing a total of 128 units.
• These are all stabilized, cash-flowing properties in the heart of one of St. Louis' most desireable neighborhoods.
• Date: 16 Jun 2011 12:50
Property #MF328. Request more information
• Foreclosure / Lender Owned Multifamily
• Georgia
• 60 Units
• Price: $1,750,000
• 95% Occupied
• Rare opportunity to investors - it is a stabilized property with 95% occupancy, and provides an opportunity to add value, and potentially increase the NOI by improving the property even more.
• The current and previous owners have made a number of improvements to the buildings, grounds and parking areas, making this is a very attractive community.
• The garages and basements, in some units, help make this property stand out among its peer apartment communities.
• The "cozy" feeling of the small 60-unit community, with its large mature tree cover, give it a natural advantage over some of its much larger neighbors.
• In addition, the property includes additional land for future development.
• This would make a great investment for someone who wants to add to an existing portfolio or for a first time apartment investor.
• Thu, 16 Jun 2011 10:05:57
Property #MF327. Request more information
• 104 Unit Garden Multifamily
• Massachusetts
• Price: Price Not Disclosed (inquire)
• Building Area: 98,295 sf
• Land: 3.38 acres
• 104-unit, 100% market-rate apartment community located approximately thirty miles from Boston just a major Interstate Highway.
• The property consists of five (5) buildings including one (1) fourstory elevatored, garden-style apartment building and four (4) three-story townhouse buildings.
• The unit mix includes 48 (46%) one-bedroom apartments, 23 (22%) two-bedroom apartments, 9 (9%) three-bedrooms and 24 (23%) three-bedroom townhouse apartments with an average unit size of 945 square feet.
• Unit amenities feature garden-style and townhouse style units, spacious floor plans, GE Energy Star appliances, built-in microwaves, central A/C (select units), and washer/dryer hook-ups in unit (TH).
• Community amenities feature elevatored buildings, central laundry facilities, tenant storage and Verizon FIOS throughout the buildings.
• The property' s superior commuter location with proximity to major highways and commuter rail service to Boston provides residents with outstanding access to many of the top employers and entertainment destinations in Massachusetts and southern New Hampshire.
• The high concentration of quality employment in the immediate area coupled with the presence of lifestyle amenities including numerous national retailers, contemporary dining experiences, entertainment offerings and boutique shopping, further enhance the desirability of the location, positioning this property as one of the premier rental communities in the area.
• In addition to superior highway access, the property is just two miles from the MBTA Commuter Rail, providing access to Boston' s North Station in less than one hour.
• Convenient access to local Routes 114, 28, 125, 133, provides connections to the Merrimack Valley, southern New Hampshire, and other major employment centers.
• Date: 15 Jun 2011 06:13
Property #MF326. Request more information
• 168-Unit Multifamily
• Ohio
• Price: $6,400,000
• Net Operating Income: $720,000
• Cap Rate: 9.70%
• No. Units: 168
• Building: 145,000 sf
• Price/Unit: $38,095.24
• Occupancy: 94%
• Land: 14.22 acres
• 168 UNITS WITH TENANT PAID UTILITIES ..28 1BED ,56 2BED, 84 LG 2BED
• BUILT IN 1973-75 WITH SWIMMING POOL, TENNIS COURT .FREE STANDING OFFICE ..LOW VACANCY NEAR ALL SHOPPING
• ON STATE ROUTE NEXT TO KROGERS
• Thu, 9 Jun 2011 13:14
Property #MF325. Request more information
• 230 Unit Multifamily
• Florida
• ProForma value over $12,000,000 at 10%CAP
• Sale Price: $7,900,000 or $34,300 Per Unit
• Turn Key Operation
• Excellent Location
• 14 Acres
• Completely Rehabbed in 2010
• Strong Economic Upside
• Completely rehabbed and in excellent condition
• Needs stabilization - take advantage of economic upside
• Existing solid cash flow yet has value add potential
• Beautiful property in excellent location
• Convenient to shopping, jobs, downtown, major transportation routes
• Large, spacious well equipped units and property amenities
• This is a rare investment opportunity
• Strong existing cash flow with significant upside
• Value add potential and no deferred maintenance.
• An attractive property
• Well located in the desirable south central submarket
• Priced well below replacement value and comparable properties.
• Own a trouble free property and generate excellent cash flow or profit from a re-sale after a short term period of stabilization.
• Wed, 08 Jun 2011 09:42
Property #MF324. Request more information
• Foreclosure / Lender Owned Property - SOLD
• Georgia
• 24 Two Bedroom / 1 Bath Units
• Recently Updated Interiors & Exteriors
• Tenant Pays Electricity
• Owner Pays Water and Sewer
• Property is priced to sell at $299,000
• Thu, 2 Jun 2011 16:31:35
#MF322 Request more information
• Student Housing
• Ohio
• Year Built: 1971
• Building Class: B
• Location Class: A
• Zoning Type: R-3 Suburban MF
• No. of Stories: 3
• No. of Parking Spaces: 128
• Price: $3,500,000
• Estimated Net Operating Income: $227,628
• CAP: 6.5 %
• Total Units: 78
• No. of Buildings: 4
• The seller is offering a rent guarantee for 1 year at an amount that is higher than the existing rental income but lower than market rate rents. The value add play for the buyer is to raise rents to market for the 2012-2013 school year when pre-leasing season begins in November 2011. The seller is also offering 85% seller financing with negotiable terms and conditions, see proposed terms in the offering memorandum. We also have a 18 unit student housing property (#MF341) less than 1 block away from this property.
• High Barriers of Entry Lack of Developable Land Nearby
• 78 Units Located directly across the street from Campus and specifically the dorms and state of the art rec center
• Seller Financing or Loan Assumption, 10%-15% Down Payment
• New Roofs, Many Units Completely Renovated With Kitchens Baths
• This is an excellent opportunity to purchased a well maintained asset with a low down payment.
• The debt on the property could possibly be assumed by a strong and experienced Buyer.
• The Seller will also consider seller-financing the project as well.
• The student housing market has a strong demand for affordable & suitable student housing apartments.
• Located in an extremely supply-constrained city.
• Rare opportunity to acquire student housing with upside opportunities.
• Tue, 31 May 2011 14:01
#MF320 Request more information
• South Carolina Apartments
• OFFERS DUE JUNE 24
• TOUR APPOINTMENTS AVAILABLE JUNE 14 & 16
• Price: $1,450,000
• Total Units: 80
• Price per Unit: $18,125
• LSF: 65,920
• Price per SF: $22.00
• Average Rent: $571
• Average Unit Size: 824
• Rent per SF: $0.69
• YOC: 1972
• Occupancy: 97.5%
• Thu, 19 May 2011 10:21
#MF319 Request more information
• Multifamily Offering
• Oklahoma
• $27,500,000
• 276 Unit Class A Apartment Property--6.5% Cap
• Last Building Finished in 2011
• 95% Leased
• Located in Best Submarket of the City
• Class A Amenities and Covered Garages
• Recently Stabilized with Upside in Rents
• Priced Below Replacement Cost
• The City's Unemployment Rate is 5.2%
• 95% is the Avgerage Occupancy in this Submarket
• Over 3 Million SF of Retail Development within1 Mile
• Rental Rates Projected to Increase by 2% in 2011
• Wed, 18 May 2011 16:34