All Forum Posts by: Jason Lewis

Here's the breakdown:

Purchase Price: $7.4M includes assignment fee

Address: 281 Bickford Ave Memphis, TN 38107 & 2449 Ruby Oaks Dr Memphis, TN 38106 = two buildings, 12 mins away from each other!

Property Type: 107 units

Building Configuration: 281 Bickford Ave - 100% occupied

2/2 beds - 13 units / avg sf 1,070

3/2 beds- 34 units / avg sf 1,165

Monthly income is $ $45,198 Class B Built in 2009 - *sellers built both buildings!

Building Configuration: 2449 Ruby Oaks Dr - 96.67% occupied

2/1 beds - 18 units / avg sf 947

2/2 beds- 12 units / avg sf 9473/2 beds - 30 units / avg sf 1,154

Monthly income is $ $52,866 Class B Built in 2009

Sellers are older in age and ready to downsize and focus on other ventures. There is limited room to increase rents due to these being LITHC buildings. The projects are under a 30 year Land Use Restrictive Covenant and have a 15 year compliance period which ends December 2024. The project can exercise an option to become a market rate project if requested from the Tennessee Housing

Development Agency effective January 1, 2028.

Both buildings have not been updated but they have been properly managed. For both buildings every unit comes with a stove, fridge, w/d full size, and central ac.

Every tenant pays electric and the owners pay for the house meter and cold water.

Financials will be sent once the NDA is signed.

Buyers will be vetted

These 10 condo units are located in a 16 unit building In the Hillcrest neighborhood of Little Rock, AR. These 10 units are being rented under market, $8,600/month in gross rents. Asking price is 780k cash/hard money. Asking price includes assignment fee. This property is under contract and I am looking to assign my equitable interest in the deal. You can reach me through email if you have anymore questions and information. [email protected] 

PP $1M

Off Market Direct to seller property in Victor is just a short drive from the gold-mining-turned-gaming town of Cripple Creek. This 11 unit property has value add upside potential, currently bringing in over $9,000/month. This property is Located between the 200 and 300 block of Victor St in Victor, CO. The seller is willing to carry 90% of the mortgage at 6.25% for 18 months in the event an end buyer brings 10% to closing. At this time, 3 units are being renovated and will be complete by summer. Approved to add 2 units and possibility to develop even further. This property is under contract with the seller and is ready to be assigned. Closing is set for June 23 2023. Please Dm for more information.

🚀NEW DEAL-PRICE DROP🤗

-This is a 1st come 1st serve-

100 ACRES near El Paso, TX

Zoning: Residential

Was: $700,000

Asking: $250,000(includes assignment)

EMD: $2,500.00

DM me for more information!

Just messaged you.

ADDRESSES

5403 NE 22ND TER FORT LAUDERDALE

1441 NW 10TH ST # 1-2 DANIA

1640 NW 5TH AVE FORT LAUDERDALE

3045 NE 16TH AVE OAKLAND PARK

1100 NE 4TH ST POMPANO BEACH

2500 NE 19TH ST POMPANO BEACH

2001 NE 62ND ST FORT LAUDERDALE

1745 NE 52ND ST FORT LAUDERDALE

5701 NE 22ND WAY FORT LAUDERDALE

1740 NE 49TH ST FORT LAUDERDALE

3038 SW 7TH ST MIAMI

1531 NE 35TH ST OAKLAND PARK

1120 NE 2ND AVE FORT LAUDERDALE

2101 SE 4TH AVE FORT LAUDERDALE

**44 Doors**

Here's a breakdown:

Master Lease Agreement signed with Down Payment: The tenant signs a master lease agreement with the landlord, agreeing to pay rent for five years with the option to purchase the property at any time after two years for $16,600,000. As part of the agreement, the tenant pays a down payment of $2,600,000 at the closing.

Rent Payments: Rent payments start 60 days after the lease begins. The tenant will pay $1,022,000 in the first year and $1,022,000 per year for the remaining four years. This amounts to a total of $5,110,000 in rent payments over the five-year lease term.

Balloon Payment: At the end of the five-year lease term, the tenant will pay a balloon payment of $14,000,000 if they do not exercise their option to purchase the property.

Earnest: $160,000.00

Essentially you will be buying an operating airbnb business. Net Operating Income equal to $1,460,000. If you would like more information and financials please be ready to show us your POF.

We look forward to working with you.

Let's get a deal done!

🔥NEW DEAL🔥

363 S. Bryant St. Denver CO

Zoned for Duplex

70/30 Deal Asking $500,000

Buyer brings 70% to closing ($350K)

Seller carrying 30% ($150K) over 5 years at 4% interest only payments.

DM me for details or text 720-546-7858 

🔥NEW YORK MONUMENTAL LAND DEAL | RIGHT ACROSS THE STREET FROM CITI FIELD🔥

-This is a 1st come 1st serve to an accredited investor ONLY-

12602 26th Ave, Flushing NY 11368

12623 37th Ave, Flushing NY 11368

Zoning: C4-4 (development must be commercial on the bottom and units on top, and can go up 7 stories)

Acres: 1.576

Asking: $5,250,000.00 (includes assignment)

EMD: $40,000.00

DM me for more information!

Purchase price: $1,050,000 includes assignment fee!
Seller is willing to cla creative deal.
Located in the Jackson neighborhood at 1088 National St in Memphis this property includes a 3/2 house next door at 1076 National St. 14 units, all 2/1, 100% occupied and rents average out to $652/month. Seller is getting ready to increase some rents ($150-$275 per month increase) which will increase net operating income by $2,000 per month. Units are individually metered with tenants paying gas/electric while owner pays water, sewer and trash. This property is under contract and will be assigned to an end buyer. EMD is $20,000 and is nonrefundable after 30 days of deposit. For more details, please contact Jason Lewis @[email protected]

From the carnivals to the restaurants to the stores, Sheridan is a great family oriented community. This 20 unit apartment complex will be an excellent investment for the buyer looking for a stable property with below market rents and room to increase. 95% occupancy. This property is under contract and will be assigned. For more information, or to set up a walkthrough, please contact me here or via email.... [email protected]

NOI $107,796
EMD $15,000 nonrefundable after 30 days
30 days Due Diligence 
Purchase Price $1,500,000 includes assignment fee
Closing Feb. 9, 2023 with option to extend 30 days