Absolutely slaughtering it this month... Thanks to alot of you... The WIIN team... My Mastermind group we Put together...Only a 3rd thru the month Last deal I have in my inventory lft... New Price for 16units... $550,000 I have 10k built into the purchase price for that person who can bring there buyer to the table... I was able to get the seller to go down to play ball... Christmas just came 3 months Early My Inventory+Your Relationships= True win win situation aka Mutual Profits $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Address: 1703 W Mountain View Rd. Phoenix AZ 85021 Cross Streets: 19th Ave and Peoria APN/Two Parcels: 158-21-074 & 158-21-075 Taxes 3,145.52 (2013) Built: 1982 Lot Size Combined: 16,991 sq/ft (.39 Acres) Apartment Building Size: 9,024 sq/ft Laundromat: 126 sq/ft Construction: Slump Block City Zoning R-4 County Zoning M-H/Multi-Family, High Density Purchase Price: $620,000 Cash/Hard Money ******New Purchase Price $550,000 Cash Hard Money***** Now over $200,000 below recently Canceled MLS Listing!! Approx. Price Per Door: $34,375 Pictures:CLICK HERE 16 Units: 8 units =1bed/1bath 8 units = 2bed/1bath Details: -New Roof in 2011 -Individually metered -A/C Units serviced in 2011 -$400 income per month/$4,800 from laundromat! (Income not calculated in Return Numbers) -Located near: hiking, Metrocenter Mall, Castles N Coasters, shopping, restaurants, I-17, and Route 51 -Below we reflect Multiple Plays for both Short Term and Long Term Strategies. Current Occupancy: 13 of 16 units occupied 1bed/1bath: Total of 7 units occupied 2bed/1bath: Total of 6 units occupied Current Rents 1bed/1bath= $415 per unit (5 units with this rent amount) 1bed/1bath=$425 per unit (2 unit with this rent amount) 2bed/1bath=$495 per unit Annual Expense Allowance: 40% (Vacancy Allowance,Elec Exp, Ins Exp, Landscape Exp,Legal & Acct, Maint Exp, Mgmt Exp,Pest Control $1,200, Trash Exp, Wtr/Swr Exp) Current Rent Price with Current Occupancy 1b/1ba = 5 units @ $415= $2075 1b/1ba = 2 units @ $425= $850 2b/1ba= 6 units @ $495= $2970 Total Combined Monthly Gross Income from Rents: $5895 monthly Total Combined Yearly Gross Income from Rents: $70740 yearly Total Comb. Yrly Net Inc. from Rents w/ 40% exp allowance: $42444 Buy $575K + $10K(Closing Costs)=$585K All into It Updated ROI and Cap w/ new purchase price ROI: 70740/585000= 12.0% ROI Cap: 42444/585000=7.2% Cap Short Term Upside: Most Current Rent Price with Max Occupancy 1b/1ba = 5 units @ $415= $2075 1b/1ba = 3 units @ $425= $1275 2b/1ba= 8 units @ $495= $3960 Total Combined Monthly Gross Income from Rents: $7,310 monthly Total Combined Yearly Gross Income from Rents: $87,720 yearly Total Comb. Yrly Net Inc. from Rents w/ 40% exp allowance: $52,632 Buy $575K + $10K(Closing Costs)=$585K All into It Updated ROI: 87720/585000= 14.9% ROI Cap: 52632/585000=8.9% Cap Long Term MAX OUT POTENTIAL:Rehab, Increase Rents w/ Max Occupancy Rehab: Total Suggested Investment: $30K $24K Update Units ($1.5K per unit to update appliances, flooring, 2 tone paint) + $6K (update outdoor walkway/hallway with carpet flooring) 1b/1ba = 8 units @ $500= $4000 2b/1ba= 8 units @ $625= $5000 Total Combined Monthly Gross Income from Rents: $9000 monthly Total Combined Yearly Gross Income from Rents: $108,000 yearly Total Comb. Yrly Net Inc. from Rents w/ 40% exp allowance: $64800 Buy $575K + $10K(Closing Costs) + $30K (Rehab)=$615K All into It Updated ROI: 108000/615000= 17.5% ROI Cap: 64800/615000=10.5% Cap Updated: Cash on Cash Return:Max Out Potential Buy 575K +10K (closing Costs) + 30K (Rehab)= $615 All Into It Sell $800K $800K-$615= $185K Profit 185K/$615K= 30% Cash on Cash Return ACCESS: Call to set up inspection. FINANCING: Cash/Hard Money TERMS: -Open escrow with $10,000 refundable earnest deposit with a cashiers check made out to our Title Company of choice; please contact us for more details. -$10,000 earnest gives you a 5 day inspection period then earnest becomes non-refundable on the 6th day. We will provide rent rolls/ P & L for subject property, and access to units. -15 Day Close ▪ Buyer pays all closing costs and escrow fees. -All Security Deposits will be transferred at the COE. CONTACT INFO: Elijah Rubin 480.217.2336 talentsnmotion@yahoo Efax: 602-456-6545 Where are my Rainmakers and Opportunity Creators at.... Melissa Anna Andrew P Amber J Justin Blair Bill Cristina Vii Essence Chris Chris McKenna Linda Torsten Greg Carla Damon Daniel Vanessa Recia Jim Tavis Darrin David Michael Vince Daniel Lucky Nasar Ernie Jeff Luis Francis Xavier Gabe Rich Hunter IbuyhousesPhx Michael Sterling Alfonso
Posted on: Thu, 11 Sep 2014 21:57:16 +0000
Trending Topics
Recently Viewed Topics
© 2015