HOT 6 UNIT MULTI-FAMILY WHOLESALE DEAL!!!

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HOT 6 UNIT MULTI-FAMILY WHOLESALE DEAL!!!

Investor · East Providence, RI · Member since 2015 · 38 posts · 5 votes

This property consists of 2, 3 family homes on one lot and is located at 20 Bernon St in Providence RI. The property is currently generating $4100 a month in revenue!! The property has a new roof, new siding, new water heaters, new boilers, and plenty of parking. LOOKING FOR CASH BUYERS for $160,000!!!!! This property will sell QUICK!!

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Roy N.Pro Member
Rental Property Investor · Fredericton, New Brunswick · Member since 2013 · 7k+ posts · 4k+ votes
11y

@Richard Morency

Your advertising here on BP will garner more positive attention if you include the meat & potatoes, as it were, along with the sauce (marketing hype).

Since you have a multiunit (i.e. commercial) property, albeit only 6-units, have you prepared a memorandum of offering or a {rose coloured} pro forma which provides the prospective purchaser with all the revenue and operational expense information?

@Colleen F. - do you know the area?

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  • Roy N.Pro Member
    Rental Property Investor · Fredericton, New Brunswick · Member since 2013 · 7k+ posts · 4k+ votes
    11y

    @Richard Morency

    Your advertising here on BP will garner more positive attention if you include the meat & potatoes, as it were, along with the sauce (marketing hype).

    Since you have a multiunit (i.e. commercial) property, albeit only 6-units, have you prepared a memorandum of offering or a {rose coloured} pro forma which provides the prospective purchaser with all the revenue and operational expense information?

    @Colleen F. - do you know the area?

  • Buy and Hold Investor · Cranston, RI · Member since 2013 · 1k+ posts · 1k+ votes
    11y

    @Roy N. It's a tough area.

  • Roy N.Pro Member
    Rental Property Investor · Fredericton, New Brunswick · Member since 2013 · 7k+ posts · 4k+ votes
    11y

    @Anthony Thompson

    That was my impression after I pulled it up on Google Street View.

    Though on the police department's map of {reported} crimes, it appears to centre of a {relatively} "better" 3-block area in a sea of assaults and thefts.

  • Investor · East Providence, RI · Member since 2015 · 38 posts · 5 votes
    11y

    Some of the homes in the area have been revitalized. It has seen improvements surrounding the area.

  • Investor · East Providence, RI · Member since 2015 · 38 posts · 5 votes
    11y

    I have negotiated the price with the owner and I am now wholesaling it for $145,000!!!

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