All Forum Posts by: Dimitra Manou

Price $6,089,000

ARV $8,000,000

Gross Margin $2,001,000 

NOI: $218,000.00

Year built: 1960

Potential cash flow upon 100 % occupancy which will be back up shortly after the interior renovations of the last 6 houses are completed.

Package sale

Gross Rents - $ 24,400.00

Total Rents - $24,400.00 Income

+ 6 to rent out shortly + $5700.00 Added income

Total subtotal rents - $ 30,100.00

6 interior Rehabs Rents x $ 950.00= + $5,700.00 Added Incomes

Total Projected Rents - $ 35,800.00

44 projected rents@ $ 950.00 = $ 41,800.00 Gross.

6 need interior finish out of approx. - $ 9,000.00 each.

Converting 3383- A to a Laundry Matt with projected extra income of $ 5000.00 monthly.

Land size - 2.6043 Acres

Rents are below the market and can be raised to $ 950.00+ {This is what we are going to be bringing in shortly in}.

Also I have been moving the lower renters out and raising to $ 950.00.

These are great income producing properties with tenants living there for years.

When the buyer gets $ 1300.00 x 44 = $ 57,200.00 monthly x 12 = $ 686,400.00 yearly the value will be approx. $ 9+ million.

Renovation updates as follows

33 houses make ready Int & Ext paint, ceramic floor, granite tops, 3 ceiling fans $ 2500.00 each. (You can raise the rents to $ 950.00+)

6 Houses need to be completed electric, Plumbing,AC , Sheetrock etc $ 13,000.00 each .

Fill in asphalt potholes and paint . Approx. $ 5,000.00

I have the ceramic tile for the houses that come with the sale also.

Total needed to fully update total; $ 165,500.00 which a good low cost to get the higher rents etc.

Current owner has a waiting list of people ready to move in upon completion.

The houses can be sold owner financed individually to the tenants for approx $ 170,000.00 with replat for $ 100.00 each house by the surveyor that already did the metes and bounds for the individual addresses.

Off-market deal
9 Unit Titusville Motel with the current cap of 9% and a proforma of around 11%.
NOI: $56,542.73
The motel averages 90% occupancy at $400 per week. Included in this opportunity is a concrete block, single-family home on its own parcel located behind the motel and rented for $1560 per month. 

Price: $1,195,000

Free and clear

Year built: 1985

NOI: $3,337,610.66

Total operating expenses: $2,399,474.79

Renovated in 2016

39,51 acres, garden style, Class B

Occupancy: 93%

Asking: $92M

A stabilized asset with consistent cash flow. Excellent connectivity located west of US Highway.

3 separate properties.

Asking: $325M

Cap Rate (Oct 2020 – Sept 2021): 3.92%

NOI: $3,981,178.15

Vacancy Rate (As of Feb 2022): 7%

Landing complex in Lubbock, TX. Value-add. Refinance is done and loan is completely assumable.
Currently is at 6 Cap.
91% Occupancy
December 2022 NOI: $68.133,89

The landing terms:
10 year fixed
5 year I/O
30 year am
Assumable
10 million

$15 million - 16 million asking price

 Thank you Cody!

 Thanks for your respond Cody but it's an off-market deal and I want to sell it off-market.

Off-market deal

A great class B property with plenty of upside to increase rents immediately and bring face lifts to each unit. Plenty of value add upside at an already 6 cap. There is an assumable loan.

Date built: 1979

Occupancy: 93%

Price: 16,8M

March 2023 total rental income: $204,441.88

NOI: $988,236.89

Off-market deal

145 Unit portfolio that is currently a 7 Cap. 

Price: 8.1M 

NOI current: $605,920

NOI proforma: $683, 294

Cap rate proforma: 8,34%

Occupancy: 90%

Year built: 1960-1974

Sorry. I just saw your comment. DM me. Thanks