All Forum Posts by: Dennis Pressey Jr

Super-rare land deal in Stockton just 3 minutes from Downtown!

This corner lot property is 10,000 square feet of empty land with no structures.

Multi-family properties are selling for approximately $180,000 per unit. CalMain Loft Apts is a newly built 30-Unit property on the same size lot of 10K sf and is located just minutes away at 500 E Main St.

This is a no-brainer deal for serious builders and investors. DO NOT WAIT, SUBMIT YOUR BEST OFFER ASAP.

ARV of $5.4M is based upon 30-Units x $180,000 per unit
(Comparable = CalMain Loft Apts)

**Multifamily Sales within Last 6 Months**

• 310 E Oak St | 4-Unit | $705,000
• 21 E Walnut St | 4-Unit | $725,000
• 271 E Bianchi St | 3-Unit | $550,000
  
  
• Avg Price Per Unit | $180,000

**Vacant Lot Sales within Last 6 Months**

• 1860 E Anita St | 4800 SF | $500,000
• 2834 Monte Diablo Ave | 7300 SF | $350,000
  

**Your Next Steps**

1. Make Your Best Offer
   
2. Complete Inspections and Due Diligence
3. Place Deposit and Execute Assignment Agreement
4. Close Per Terms of Original Agreement

**Disclaimer And Details**

Property inspections ARE allowed with deposit. This is a Contract Assignment that is prepared to close.

You are expected to perform your own due diligence and assess value. Any information provided here is in good faith only and not intended to be legal advice.

Ready to close with no encumbrances or delays.

HOT 3-UNIT DEAL IN WATERBURY! 

Add this cashflowing, fully occupied 3-unit property to your portfolio for less than $100K Per Unit! This property comes with off-street parking, separate utilities/meters and on-time, good standing tenancy.

This is an NOI monster from Day 1 with big equity upside as-is with even more meat on the bone if do luxury renovations.

**Key Features of This Deal**

• Roof replaced 2023 with transferable 10 year warranty
• Boiler(s) and Water Heater(s) approx 8 years old
• Includes additional Vacant Lot - additional building potential
• 1st Floor Unit updated in May 2022
• 2nd and 3rd Floor Units updated bath rooms and shows in 2024

**Financial Estimates and Breakdown**

Estimated Repairs: $0,000 - $8,000

After Repair Value: $359,000 - $399,000

Potential Equity: $40,000 - $60,000

Property Taxes: $6,845 (year) Insurance: $1,800 (year)

Utilities: $2,295 (year) Maintenance: $6,800

Gross Income: $3,086 (month) or $37,032 (year)

Net Operation Income (NOI): $30,495 (year)

**Comparable Sales with Last 6 Months**

• 118 E Farm St | $393,000
• 152 E Farm St | $365,000
• 4 Court St| $400,000
• 25 Silver St | $405,000

**Your Next Steps**

1. Make Your Best Offer
   (make offer here or email us now)
2. Place Deposit and Execute Assignment Agreement
3. Complete Inspections and Due Diligence
4. Close Per Terms of Original Agreement

**Disclaimer And Details**

Property inspections ARE allowed with deposit. This is a Contract Assignment that is prepared to close.

You are expected to perform your own due diligence and assess value. Any information provided here is in good faith only and not intended to be legal advice.

Buyer covers all closing costs. Taxes are prorated.

Ready to close with no encumbrances or delays.

@Jorge Vazquez sent a connection request

HOT DEAL IN PINELLAS PARK CLEARWATER!

Secure a meticulously maintained home in the highly desired Pinellas Park in Clearwater, FL. This property offers instant equity as-is with solid profits with EASY updates.

The home features a well-structured layout with comfortable living spaces. All utilities are maintained to the highest standards, ensuring a turnkey transition for the new owner.

Property includes 2 car attached garage.

**Known Repairs and Updates**

• exterior paint (HOA stipulated)
• open and update kitchen
• update baths (2)
• interior updates, as desired

**Financial Estimates and Breakdown**

Estimated Repairs: $12,000 - $20,000

After Repair Value: $399,000 - $419,000

FMR: $2,000 - $2,350 HOA: $460

Potential Profit: $40,000 - $60,000

**Comparable Sales with Last 6 Months**

• 3951 102nd Pl N | $390,000
• 4161 105th Ave N | $378,000
• 3900 102nd Pl | $406,000
• 3705 98th Ave | $399,000
• 3808 97th Ave | $420,000

**Your Next Steps**

1. Make Your Best Offer
   (make offer here or email us now)
2. Place Deposit and Execute Assignment Agreement
3. Complete Inspections and Due Diligence
4. Close Per Terms of Original Agreement

**Disclaimer And Details**

Property inspections ARE allowed with deposit. This is a Contract Assignment that is prepared to close.

You are expected to perform your own due diligence and assess value. Any information provided here is in good faith only and not intended to be legal advice.

Buyer covers all closing costs. Taxes are prorated.

Ready to close with no encumbrances or delays.

Rare opportunity to own a great property in UPSTATE New York near Fort Drum, the Great Lakes and Canadian Border!

This property sits on 4 acres of land located along Beaver River just a short drive from Lake Champlain (40 minutes), Lake George and Great Sacandaga (80 minutes).

Fort Drum military base, with a population of approximately 15,000, is located just 13 miles away - perfect for renting or flipping to military personnel.

The home itself is a bungalow style with plenty of expansion opportunity. Add living space or a large porch/deck would bring value and size to the property.

**Profit and Investment Breakdown**

Estimated Repairs/Updates: $55,000 - $70,000 (for max ARV and FMR)

• full update and renovation
• luxury bathroom (builders grade)
• add additional bath, if desired (for $215K+ ARV)
• interior painting and decor
• upgrade windows and exterior paint
• knock down and clear existing garage
• Add garage and outside deck/porch, if desired

**Flip Income Estimates**

ARV: $189,000 - $209,000

Potential Profit: $50,000 - $70,000

**Rental Income Estimates**

FMR: $1,250 - $1,500 Short-Term Rental: $1,800 - $2,400

Taxes: $2500 (estimate) Insurance: $1,250 Mortgage: $900 - $1,200

Comparable Sales within Last 6 Months:

• 10579 State Rt 126 | $195,000
• 9511 Kay Ln | $190,000
• 10257 Resha Rd | $250,000
• 10728 Harris Rd | $208,000

Your Next Setps:

1. Make Your Best Offer
   (make offer here or send us a text)
2. Place Deposit and Execute Assignment Agreement
3. Complete Inspections and Due Diligence
4. Close Per Terms of Original Agreement
   
   

Disclaimer And Details:

Property inspections ARE allowed with POF. This is a Contract Assignment that is prepared to close.

You are expected to perform your own due diligence and assess value. Any information provided here is in good faith only and not intended to be legal advice.

Ready to close with no encumbrances or delays.

1. Speed

2. Cost also known as Speed

Beautiful home with original hardwood flooring, 5 panel doors and woodwork! This property is located on a quiet street with plenty of yard that includes a large detached 2 car garage (new roof on garage).

The property has already undergone gas conversion and also includes an oil furnace (oil tank above ground located in basement).

The Hot Water Heater is only 2 years old. Overall the house has been maintained well but needs updating.

Known Repairs And Updates:

• roof and windows
• flooring refinish
• kitchen updating and appliances
• modernize baths
• exterior painting and landscaping

Estimated Repairs: $45,000 - $65,000

Zestimate: $172,000 FMR: $1,900 - $2,300

After Repair Value: $189,000 - $219,000
(depending on level of updating)

Potential Profit: $30,000 - $50,000

Comparable Sales with Last 6 Months:

• N6431 15th Ave Almond | $250,000
• 88 County Rd J Almond | $195,000
• 1164 County Rd Almond | $197,000

Your Next Setps:

1. 1. Make Your Best Offer
   (make offer here or email us now)
2. 2. Place Deposit and Execute Assignment Agreement
3. 3. Complete Inspections and Due Diligence
4. 4. Close Per Terms of Original Agreement

Disclaimer And Details:

Property inspections ARE allowed with deposit. This is a Contract Assignment that is prepared to close.

You are expected to perform your own due diligence and assess value. Any information provided here is in good faith only and not intended to be legal advice.

Ready to close with no encumbrances or delays.

Rare opportunity to grab a CASHFLOWING 3 Bedroom Cape Cod in the heart of Woodbury NJ!

This property is a well maintained property with an always current tenant of 8 years! This tenant has never been late (even during covid) and is under a formal, legal lease including deposits and rental history.

This property is turnkey, cashflow from day 1...

The home has a fenced yard including a sizeable backyard with a full size man door entry to the basement. The first level of the home includes 2 beds, bath, eat-in dining room and kitchen.

The second story includes a 3rd bedroom in a full size attic.

Roof was replaced 1.5 years ago. Hot water heater replaced 1 year ago.

**Zestimate is $247,000 for reference**

Current Financials:

Rent Rate: $1655 ($2,350 FMR)

Rent Payment: direct deposit on the 5th of every month

Property Taxes: $5400 /year

Utilities: tenant pays water, sewage, gas and electric!

Estimated Repairs/Updates: $30,000 (for max ARV and FMR)

• modernize kitchen and appliances
• luxury bathroom (builders grade)
• update upstairs third bedroom
• interior painting
• upgrade windows and exterior paint
• replace basement door

ARV: $269,000 - $299,000 FMR: $2,200 - $2,350

Potential Profit: $40,000 - $60,000

Comparable Sales within Last 6 Months:

• 752 Wick Blvd Woodbury | $295,000
• 177 Dubois Ave Woodbury | $295,000
• 217 Colonial Ave Woodbury | $285,000
• 13 Dubois Ave Woodbury | $258,000
• 320 Edith Ave Woodbury | $255,000
  

Your Next Setps:

1. 1. Make Your Best Offer
   (make offer here or send us a text)
2. 2. Place Deposit and Execute Assignment Agreement
3. 3. Complete Inspections and Due Diligence
4. 4. Close Per Terms of Original Agreement
   
   

Disclaimer And Details:

Property inspections ARE allowed with POF. This is a Contract Assignment that is prepared to close.

You are expected to perform your own due diligence and assess value. Any information provided here is in good faith only and not intended to be legal advice.

Ready to close with no encumbrances or delays.

Your chance to flip a true dream home located just minutes from downtown Helena Montana...

This mountain estate is located on 8.5 acres of ridiculous landscape with stunningly peaceful views.

The main house is beautiful with a huge 1500 sq ft deck but can use some modernizing to the kitchen and baths to get max market value and selling power.

There is a 1 bed, 1 bath second home that includes a hot tub and scenic porch views.

The third home is built into the land for a unique entertainment opportunity as an income producing short-term getaway rental.

**Zestimate for as-is structure is $930,000 for reference**

Estimated Repairs/Updates: $150,000

• modern, luxury kitchen update
• luxury bathroom update (3 baths)
• modernizing decor and interior finishes

ARV: $1,350,000 - $1,650,000

Potential Profit: $400,000 - $650,000

Comparable Sales On Market:

• 3 Moose Dr Clancy (under contract) | $1,400,000
• 5 Alpine Valley Ln Clancy | $2,500,000
• 92 Big Indian Gulch Rd Clancy | $2,400,000
• 121 Wild Rose Rd Jefferson City | $1,100,000

**Montana is a non-disclose state and comps are active on-the-market or currently under contract**

Your Next Setps:

1. 1. Make Your Best Offer
   (make offer here or email us now)
2. 2. Place Deposit and Execute Assignment Agreement
3. 3. Complete Inspections and Due Diligence
4. 4. Close Per Terms of Original Agreement

Disclaimer And Details:

Property inspections ARE allowed with POF. This is a Contract Assignment that is prepared to close.

You are expected to perform your own due diligence and assess value. Any information provided here is in good faith only and not intended to be legal advice.

Ready to close with no encumbrances or delays.

This is your chance to grab the last old house on the block at a great price!

This property is located in a highly sought after area with newer contructed homes in every direction.

There are 2 older structures currently on the property that are ready for clearing to prepare for new construction.

Ideal new construction would be a 4 Bed 2.5 Bath 2,250 Sq Ft home but any configuration at the 2,200+ sq ft size will bring in the top resale value in the high $500's to mid $600's.

**Zestimate for as-is structure is $261,000 for reference**

Estimated Build Costs: $120-$140 /sq ft | $275,000 total build cost at $125 quote

Resale Value: $579,000 - $629,000

Potential Profit: $180,000 - $200,000

Comparable Sales with Last 6 Months:

• 2110 N Charlotte St Pottstown | $525,000
• 102 Pixie Moss Rd Pottstown | $575,000
• 2136 Prout Farm Rd Pottstown | $610,000
• 239 Haven Dr Pottstown | $530,900
• 2092 Prout Farm Rd Pottstown | $670,000
• 28 Bunker Way Pottstown | $625,000
• 296 Masters Dr Pottstown | $650,000

Your Next Setps:

1. 1. Make Your Best Offer
   (make offer here or via email at [email protected])
2. 2. Place Deposit and Execute Assignment Agreement
3. 3. Complete Inspections and Due Diligence
4. 4. Close Per Terms of Original Agreement

Disclaimer And Details:

Property inspections ARE allowed with deposit. This is a Contract Assignment that is prepared to close.

You are expected to perform your own due diligence and assess value. Any information provided here is in good faith only and not intended to be legal advice.

Ready to close with no encumbrances or delays.