All Forum Posts by: Jerald Alford

Description

This is a 76 Unit apartment complex available in Jacksonville Fl
This a wholesale deal looking for immediate sale!
Video of complex available
Rehab proposal completed by Lennox Martin Builders CBC#1256809 (Available upon request to serious buyers)

Complex has considerable work to be done which is reflected in the proposal.

Potential Earnings:
Fully Occupied less 5% & expenses
Equate to $368,830.00
@ 1.2m that equates to 30.73% cap rate!

Unit Count:

5 1br / 65 2br / 6 3br

Currently Only 7 units occupied.

10k Referral Fee should any one bring me a SERIOUS BUYER!!!
Contact: Jerald "J-AL" Alford
Phone: 904-438-8963
J. Girard Properties LLC

Ok, people, here's the deal. I'm a wholesaler here in Jax and have come across a SFH in one of the hot areas in town. I went out to the property and seen that it would require an extensive amount of work to be profitable. The problem that I ran into was that the owner has filed a Chapter 11 some time ago and this SFH is bundled into her repayment plan.

 So being that she is technically still paying on this house. How do I get this contract and relieve her of the property when it comes to this Chapter 11? How would closing go? What has to be done first to set this in motion?

THIA

REDUCED>>>>>>Multi-Family Unit for Sale @ 65k!!!!!

1175 W 26th St, Jacksonville, FL 32209

$65,000

KEY FEATURES
Year Built: 1963
Sq Footage: 2016 sqft.
Bedrooms: 6 Beds
Bathrooms: 2 Baths
Floors: 2
Laundry: In Unit
Lot Size: 0.25 Acres
Property Type: Multi-Family

DESCRIPTION

1175 W 26th St, Jacksonville Fl

This newly renovated 2 unit complex contains 3 beds and 1 bath a piece and currently rents for $650 per month!! 1 unit is currently being rented. (Please do not disturb the tenants)
Each unit has central air and heating with ceiling fans throughout
Wall to wall carpet, all appliances are less than 1yr old
Concrete Block construction
Fresh Paint throughout inside and out.
New A/C units as well as new water heaters


Here are the numbers at full occupancy: @$650 per month
Yearly Income: $15,600.00
Yearly Taxes: $1500.00
Yearly Ins: $1400.00
Equates to $12,700.00 per year!
@65k = 19.53% Cap Rate!!!!!!!!!!!!!

Contact Jerald M. Alford
J. Girard Properties, LLC

show contact info

PROPERTY FEATURES

• Living room
• Dining room
• Pantry
• Range / Oven
• Refrigerator
• Heat: forced air
• Central A/C
• Ceiling fans
• Cable-ready
• Wired

COMMUNITY FEATURES

• Over 55 active community
• Near transportation
• On-street parking

Contact info:
Jerald Alford
JG Properties
show contact info

@Felecia Sewell  Never QUIT! Simply re-evaluate what will work best for you. I have been wholesaling for nearly a year and only closed on one deal so far; but; I KNOW THAT THIS IS WHAT I WANT TO DO!!!

Keep at it! 

There are buyers for every part of Duval, you just have to build that list and keep advertising!

@Chris Music Hello! I'm a wholesaler here in Jax, what properties do you have along with the prices. I must let you know up front that I don't raise prices on already marketed material. But I'd be glad to assist and make profit for the both of us.

8226 Colville St, Jacksonville FL 32220

2 Beds 1 Bath only 40k

Description

Here is a 2/1 charm of a house located in the Mariette/Whitehouse area of town (Right off of Bulls Bay Highway). This home sits on a nice sized lot, it is a well house that has a septic tank. Plenty of space for the kids to run around in the front and the back yards!
There is also a laundry room that is a permitted addition to the home with a water softener!
Front porch big enough for a patio set
Fenced in yard all the way around
Quiet neighborhood

Investor Data:
Avg Rent: $850
Taxes: $575
Insurance: $700
@40k the Cap Rate on this one is %22.3%
@40k x 2% = $800

Make me an offer!!!!

Description

Duplex that houses 2beds and 1 bath in each unit!
New Roof, decent siding along with brick base.
This one will require some work to be done, thus the reasoning for the low price
Outside unit removed but duct-work is in place for central air
Average rents for the are range from $500 - $600

At Full capacity:
Rental income @$500 = $12,000
Taxes: $770.00
Est insurance: $650
Estimated Repairs 5k-10k
Total Investment @15k equals a cap rate of 70.5%
Total Investment @20k equals a cap rate of 52.9%

@Joyce Gaines  Hi Ms Gaines, I'm a wholesaler here in Jax, let me know what you are interested in.

If you haven't done so already check out the marketplace for Jacksonville. I have a few properties listed there.

Thanks and good luck

Description

1175 W 26th St, Jacksonville Fl 32209

This newly renovated 2 unit complex contains 3 beds and 1 bath a piece and currently rents for $650 per month!! 1 unit is currently being rented. (Please do not disturb the tenants)
Each unit has central air and heating with ceiling fans throughout
Wall to wall carpet, all appliances are less than 1yr old
Concrete Block construction
Fresh Paint throughout inside and out.
New A/C units as well as new water heaters


Here are the numbers at full occupancy: @$650 per month
Yearly Income: $15,600.00
Yearly Taxes: $1500.00
Yearly Ins: $1400.00
Equates to $12,700.00 per year!
@70k NOI = 18.14%

Contact Jerald M. Alford
J. Girard Properties, LLC
904-438-8963

Duval county should be online only with regards to auction bidding.