All Forum Posts by: Jason Lewis

$2.7M Purchase price.

Minutes from Arkansas State University, the second largest university in the state of Arkansas, this 41 unit complex (6 are being renovated/to be complete Jan 1) is a great investment for a seasoned investor or the first time commercial real estate investor. Rents are well below market for this area. Along with 3 vacancies and 6 newly renovated units, end buyer can add value, raise cashflow and force depreciation within the first year. This is a quiet and very well kept, managed property. Once vacancies are filled, investors will enjoy a 16.8% Cash on Cash return. Property has been managed by current owner the last 10 years. This property is under contract with seller and is set to close February 2nd. Contract will be assigned to end buyer. EMD is 50k. Assignment fee is included in purchase price. Please contact me for financials or if you have any more questions.

UNDER CONTRACT...

4plex apartment building consisting of all 2 bed/1 bath apartments. 3 units are occupied collecting a total of $1,425 with 1 vacancy that needs to be renovated completely. There is also a storefront behind the 4plex on a separate lot that is vacant. It can be converted into 2 more studio apartments. 10.5% cap rate upon taking over the property with 3 leases in place that expire in June 2022. Tenants pay utilities. 2 bedrooms in this zip code are renting for $650 and up. Purchase price is $105,000 and that includes assignment fee. Set to close on June 10, 2022. Serious buyers contact me at [email protected].

Investor Special... Off market 4 plex. Needs full rehab. The 4 units sit on top of a storefront. This is a cash deal that is set to close April 22. The Contract for this property will be assigned to an end buyer. 75k is the purchase price, and that includes assignment fee. Serious end buyers only. [email protected]

Calling all investors!!!! Fully occupied off market 4plex available. Direct to seller. 12% cap rate going into the deal. Property needs some TLC but there are long term tenants in place. This property boasts a cash flow of $1400/month right now. Owner pays all utilities and manages property and he has not raised rents in years so this is a definite value add opportunity seeing as rents can be raised by $100 a month before any work is done. Minutes from downtown Toledo and the University of Toledo, this community is prime for growth and revitalization. This is a cash only deal so in order to be seriously considered, potential buyers must be qualified and vetted. This property is under contract and will be assigned to an end buyer. Assignment fee has already been figured into purchase price. Please contact me for more information. [email protected]

Calling all investors!!! 28 door, mixed portfolio available, off market. Minutes from Uptown Charlotte and Bank of America Stadium, this portfolio won't last long. It consists of 21 townhomes, 1 duplex, 1 triplex and 2 single family homes. In total, there is 1 vacancy. 17 of the townhomes have been remodeled. Rents are more than 20% below market and owner pays for water, and also there is a storage unit that can be converted into a studio apartment. These value add factors nearly triple the monthly cashflow making for an 8% cap rate and 15.97% cash on cash return Pro forma. This portfolio is an investors dream. Single family homes in the immediate area are selling for 350k and property values continue to rise as Charlotte continues to burst with growth being one of the top 10 fastest growing cities in the nation. For more details and brochure, contact Jason Lewis. [email protected]