All Forum Posts by: Jensen Jeune

ASKING: $45M + BUYER FEE

Class A

This happens to be a Class A luxury asset with a very good selection of apartment units, many long term tenants and an established location not far from the ocean. Well maintained with a wide assortment of amenities would make this a valuable asset for any investors portfolio. Rents are currently lower than what the market dictates and new management could easily bring the income up considerably.

UNITS 300

BUILT 1985

BUILDINGS 6

STORIES Four-Story / Elevator-Served

DENSITY 18.43 Units / Acre

SITE SIZE / ACREAGE: 16.28

TOTAL SF 228,336

AVERAGE UNIT SF 761

AVERAGE RENT / SF: $1.69

ROOFS Flat

BUILDING

STUDIO - # / % - 60 / 20%

ONE BEDROOM - # / - % 144 / 48%

TWO BEDROOM - # / % -96 / 32%

 COMMUNITY FEATURES

ASKING: $309,000.00

5-PLEX

Bedrooms: 10

Baths: 5

Living Sq. Ft: 4,164

Lot Size: 16,117

Description: 5 Units, CBS building, all 2 bed, 1 bath units, with separate electric meters and one water meter. Lake Park side of Silver Beach Road on Seacoast utilities for water, located on HUGE corner lot. Units can use updating; 2 tenants are month-to-month at $850 month, 3 units are vacant. Great opportunity for amazing return and cash flow. One unit has central a/c and updated electric to breakers. Four units on fuses; all other units have terrazzo floors and window units. Sprinkler system on well water and storage room has washer/dryer hook-up so you can add income with coin-operated machines.

=========================================================================

An NCND/MFA with a Biography, non-binding Letter of Intent and/or non-invasive Proof of Funds (2 of 3 will be sufficient) are the prerequisites that need to be submitted in order for additional details to be released to prospective clients.

8 UNITS

S Riviera Beach, FL - 2 BUILDINGS!

(2) 4 UNITS

ASKING: $410,000

Building 1: Fully Rehabbed including Roof with Permits

Building 2: Rehabbed lighter w out Permits.

(8) 2 Bed / 1 Bath Units.

Each Unit Rented Below Market at $650/mo

Building Next Door Units are Rented for $850/mo

Water Bill is about $460/mo. Units have separate Meters!

Waste Management: $416/mo

Lawns: $150/mo

Ask for Entire P&L Statement!

=========================================================================

An NCND/MFA with a Biography, non-binding Letter of Intent and/or non-invasive Proof of Funds (2 of 3 will be sufficient) are the prerequisites that need to be submitted in order for additional details to be released to prospective clients.

HOLLYWOOD, FLORIDA

87 Unit Multi Family Portfolio Package Deal!

OVER $1M IN 2014 IN UPDATING

ORIGINALLY ASKING: $8,900,000

REDUCED ASKING: $8,700,00 + Fee

11% CAP RATE

BRAND NEW BARREL TILE ROOFS ON ALL 9 BUILDINGS

ALL NEW IMPACT WINDOWS

NEW A/C

NEW FRESH PAINT

10 UNITS IN 3 BUILDINGS 3,718 S.F

8 UNITS IN 2 BUILDINGS 2,912 S.F

10 UNITS IN 3 BUILDINGS 3,868 S.F

10 UNITS IN 3 BUILDINGS 3,868 S.F

10 UNITS IN 3 BUILDINGS 3,718 S.F

10 UNITS IN 3 BUILDINGS 3,718 S.F

10 UNITS IN 3 BUILDINGS 3,718 S.F

10 UNITS IN 3 BUILDINGS 3,718 S.F

9 UNITS IN 2 BUILDINGS 4,030 S.F

=========================================================================

An NCND/MFA with a Biography, non-binding Letter of Intent and/or non-invasive Proof of Funds (2 of 3 will be sufficient) are the prerequisites that need to be submitted in order for additional details to be released to prospective clients.

SELLER FINANCING WITH 50% DOWN

ASKING: $1,850,000

W. Palm Beach Road South Bay, FL 33493

54 Units 

28 Units 2 Bed &1 Bath 

26 Units 1 Bed & 1 Bath 

1 Unit 3 Beds & 1 Bath

23,000 Sq Ft

ALL WORK DONE WITH PERMITS

=========================================================================

An NCND/MFA with a Biography, non-binding Letter of Intent and/or non-invasive Proof of Funds (2 of 3 will be sufficient) are the prerequisites that need to be submitted in order for additional details to be released to prospective clients.

ASKING: $3.7M + 3% FEE

Sellers want offers and are willing to accept less today than yesterday. If you are looking to buy at prices as low as 25% of the ARV these are the deals.

Please fine enclosed a seller's portfolio of 43 single family and multi family properties located in Jacksonville, Florida. Most, if not all, are currently rented and producing income. Many are in various stages of rehab and in some cases have been completely rehabbed with tenants living inside and making monthly payments. Buy one and stick to the price indicated, but buy more than one or all and there is flexibility in pricing. This is a strong opportunity to pick up some cash flowing properties at pricing below market rates.

=========================================================================

An NCND/MFA with a Biography, non-binding Letter of Intent and/or non-invasive Proof of Funds (2 of 3 will be sufficient) are the prerequisites that need to be submitted in order for additional details to be released to prospective clients.

ASKING: $625,000.00

LITTLE HAVANA

SW 6 ST. MIAMI

MULTI-FAMILY

SEVEN 1/1'S

LONG TERM TENANTS

MONTH TO MONTH LEASES

PLENTY OF ROOM TO INCREASE RENTS

LAUNDRY ROOM ON SITE

GOOD CONDITION

MONTHLY INCOME: $5,250

=========================================================================

An NCND/MFA with a Biography, non-binding Letter of Intent and/or non-invasive Proof of Funds (2 of 3 will be sufficient) are the prerequisites that need to be submitted in order for additional details to be released to prospective clients.

77 Units in West Palm Beach

ASKING: $5,000,000 

CAP: 10.8%

This must move quickly, or the seller will refinance the property and it will no longer be available. 

75 apartments and 2 commercial retail shops located in West Palm Beach, Florida just East of I-95. All buildings are located in a 5 square block area next to the central business district of downtown. The 77 unit Portfolio is being sold “as is” with free and clear Title. This Portfolio is comprised of 17 properties of low rise 4-story 10 unit buildings, triplexes, single family homes and a 2-story Mixed-Use building with residential on the 2nd floor and a street level retail store. 90% of the units have had recent upgrades including new roof, updated plumbing/electrical, new A/C, parking lot resurfaced and new exterior painting.

Occupancy is 100% as PM has worked to get "really good" tenants in place. The total income is $677,460 and the total expenses $137,357 (not including the 5% vacancy allowance) giving a NOI of $540,103. This is a 10.8% Cap Rate at $5,000,000. There is "upside" on the tenant rents to market rate through hands on management and selective capital improvements giving a "Pro forma" total income of $754,740. Not to mention being very close to City Place and the new development of West Palm Beach Station completed Q4-2017.

Buy Side Fee of 4 pts

The Seller highly recommends the current management.

The Community Redevelopment Agency is offering up to $75,000 to improve one of the buildings in order to attract a restaurant business.

Greater West Palm Beach Apartment Portfolio is compromised of 77 apartment buildings located in Palm Beach County, Florida.

LISTING PRICE: $5,000,000/ Buyer Pays Fees

=========================================================================

An NCND/MFA with a Biography, non-binding Letter of Intent and/or non-invasive Proof of Funds (2 of 3 will be sufficient) are the prerequisites that need to be submitted in order for additional details to be released to prospective clients.

1. 112 Class C units in Jacksonville- 10%+ Cap Rate--$4.08M + Pts-

=========================================================

2. 20 Units in Daytona--7% Cap--All 1/1's--100% occupied---$1.4M

=========================================================

3. 20 Units in N Miami--40 yr cert.--NOI $216K--9% Cap--All 1/1's--All remodeled-Turn key--$2M--

=========================================================

4. 294 Units--Fontainbleau area--100% occupancy--NOI $2.6M--6.19% Cap--$42M + Buyer fees--

=========================================================

5. 10 Units in Hialeah--7.6% Cap--Off market--Seller financing--$920,000

=========================================================

6. 16 Units in Hallandale--Off Market--NOI $101,866--40 Year cert.--5.82% Cap before new rents of $910 & up-- $1.75M

=========================================================

7. 10 units--N. Bay Village--Off market--9 Floors--100% occupied--Turnkey property--NOI $200,000--Cap 8%--$2.5M

=========================================================

8. 5-plex--Little Haiti--Off market--Two 2/1's & 3 Efficiencies--$4,500 monthly in income--$425,000.

=========================================================

9. 24 Units--Jacksonville--100% occupied--Newer roof and electric--NOI $76,000 $770,000

=========================================================

10. Hotel--On the ocean--Hillsboro Beach, Fl.--81 units, 65 1/1's w/ kitchen & 16 Studios--85% occupied--$14.8M---Needs some work

=========================================================

11. Office Building--Miami Gardens--46,000 SQ Ft--NOI $695,539--$7M

=========================================================

12. 8 Units--N Miami Beach--40 year cert.--new roof--hurricane windows--turnkey ---long term tenants-- 470,000 NOI---$1M

=========================================================

13. 360 Units--Jacksonville--$1,146,623 NOI--Cap 6.95%--Rennovated 2015/16-- Class C property--$6.9M

=========================================================

14. Shopping Center--Weston, Fl.--100,000 SQ FT--Nat'l movie chain anchor--

=========================================================

$1,887,088 NOI--6.25% Cap---$27M for center & $3M for add'l 2.5 acres of land---Great opportunity to build

=========================================================

15. 10-15 SFH'S in Dade, Broward, WPB--investment properties---all 100% rented--good rental income--all under market pricing--Good return--$115k & up

=========================================================

16. Shopping Center--S.W Miami--Off market--Wal-Mart anchor--20 yr ground lease--All major name renters--235,000 SQ FT---NNN leases--33 acres-- $78M

=========================================================

17. South Beach Mansion--- On Millionaire's Row---SFH--4 Beds & 4.5 baths-5800 SQ FT--9000 SQ FT lot-- Pool--Grill--Much more--$2.7M

=========================================================

18. Shopping Center--Commercial Blvd. Tamarac, Fl.---rental income $190,000 per year--7.5% cap--$1.8M

=========================================================

19. Two Multi Family Units-- Homestead---73 units in #1--all remodeled--NOI $345,600--8.6% Cap---$4.7M--Call for info///37 units in #2---NOI $235,000--Ready for quick sale---$2.3M--Call for info. Save $$'s, Buy both.

=========================================================

20. Little Havana--2 Buildings--24 units--19,050 SQ FT lot--15,466 SQ FT building--100% occupied-- NOI $147,935--5.9% Cap rate---rents under market--raise rents to a 7% Cap easily---potential to build another 12 units on site--- $2.55M

=========================================================

21. 6 different properties in West Palm Beach---# 1-10 units--100% occupied-- $112,733 NOI--10% Cap--$1M// #2- 7 units---$54,441 NOI---9% Cap---$600,000// #3- 2 3/1's--$27,600 NOI---9.2% Cap--- $300,000// #4- Two Properties--- 8 2/1's & 4 1/1's---$114,322 NOI---9.1% Cap-$1.250M// #5- 4/2 SFH, 1 2/1 & 1/1--$33,261 NOI--8.8% Cap---$375,000// #6- 1 3/1 & 2 2/1's--$41,841 NOI---8.8% Cap---$475,000

=========================================================================

An NCND/MFA with a Biography, non-binding Letter of Intent and/or non-invasive Proof of Funds (2 of 3 will be sufficient) are the prerequisites that need to be submitted in order for additional details to be released to prospective clients.

Riviera Beach, FL - 2 BUILDINGS!

(2) 4 UNITS

Building 1: Fully Rehabbed including Roof with Permits

Building 2: Rehabbed lighter w out Permits.

(8) 2 Bed / 1 Bath Units.

Each Unit Rented Below Market at $650/mo

Building Next Door Units are Rented for $850/mo

Water Bill is about $460/mo. Units have separate Meters!

Waste Management: $416/mo

Lawns: $150/mo

Ask for Entire P&L Statement!

Reduced $420,000

=========================================================================

An NCND/MFA with a Biography, non-binding Letter of Intent and/or non-invasive Proof of Funds (2 of 3 will be sufficient) are the prerequisites that need to be submitted in order for additional details to be released to prospective clients.