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Updated over 18 years ago,

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92
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2
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N/A N/A
2
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92
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Several complexes need buyers

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Posted

The complexes are listed below with descriptions.

Address is: Houston Texas 77021

Repairs 55k, we have a contractor that can get this done for you if needed

Sales Price: 240k

ARV: 350k

Downpayment for Owner Financing: 90k

Mo Notes: $1550-1600 mo



This is a 12 unit apt complex we just got a contract on.This unit is a 2 story with a 2 bedroom up and a 2 bedroom down. The 10 other units are 1 bedrooms. This complex is owned by a local investor that needs to bail out fast because of lack of funds for rehab ect. This complex is surrounded by new construction of residential properties. This complex is in need of partial rehab to bring it up to top rent specs. I just sold a complex in Feb. in this area of this same profile(12units) about 4 lights away for the appraised value of $375K! This complex should appraise for at least $350K after total rehab according to the other i just sold! The rehab on the units vary from unit to unit. Some of the units have been started on and need less than others. I estimate that about $50-55k should make this complex really nice. We can wholesale this complex for $240K! After rehab leaving the new investor about $70k+ in equity! I have a really good management co. on board that has a ove! r flow of tenants ready to rent in this area, some even on goverment housing$$! The 2 beds will rent for approx. $525+ and 1beds $400+. Total rents over $5K monthly! This complex will be set up for very low owner expenses/maint as well.(Ins/Maint). As always, I can arrange all the rehab on the complex. This investment property is a slam dunk and will sell fast! Call for more info!

12 unit complex In Houston

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240 Units in Atlanta, GA. Sales Price $9.5 million. Appraisal and pics available. Must close in 30 days.

240 Units in Kemah. Sales Price 22.5mm. Condo conversion opportunity.

300 units in Spring. Sales price $26 mill. New Contruction completed May 2005. On site day care facility.

58 Acre Estate in AlpharettaGeorgia Sales Price 25 million. Italian and french gardens, backs up to Chatahochee River with 25 buildable acres that backs up to an 18 hole golf course. Appraised at $35.6 million. CASH ONLY.

12 Unit complex in Houston. Sales price $250k Repairs 55k ARV $350k

10 Units in Galveston. Sales price $550k ARV702k. 100% occupied, updated and new appliances.

35 unit apt complex + houses in Galveston. Price $1.82m. ARV 2 mill+.

2.7 mill and 2.9 million dollar houses in Memorial area. $450k equity in each house. Never lived in. Each sit on acre lots. Appraisals are ready to purchase at $750 each.

53 Ready to build lots in Conroe Texas- some waterfront lots. Sales price $7.7 million ARV 10 mill plus. Utilities in place, Streets paved, Builder selling, total lots in neighborhood are 301. Property has lake, fishing ponds, etc.

556 Unit apt complex in Houst sales Price 12.2mill ARV 15 mill. Foreclosed, bank managing property. Needs 150k in cosmetic repairs. Middle class, minority area. Complex sold in 1999 for $13.4 mill

29 Unit apt complex in Alvin Sales price: Take over payments/loan Repairs needed $150k (estimate available) ARV $1.2 mill (appraisal is in) Payments monthly are around 6k. Take over loan subject to existing financing for 90k cash due at closing

If interested, please email [email protected]