All Forum Posts by: Daniel Elijah Richardson

NEW DEAL ALERT!!!

21148 Woodside Ave, Ferndale, MI 48220

$20k ASKING PRICE

Value: $60k

Renovation costs: $20k (Estimated - Buyer to verify)

CALL: (734)833-3978

EMAIL:[email protected]

WEBSITE: acrelifeinvestment.com

PLEASE CALL OR EMAIL FOR MORE PHOTOS AND QUESTIONS.

UNBELIEVABLE DEAL UNDER CONTRACT WON’T LAST LONG!!!

7248 Standard St Center Line

Asking is $59,900.00 For Land Contract: $65k, with 30k Down.

Min. Price $54k - Cash.

Photos of the property:

https://www.dropbox.com/sh/5iyea14bcm5vdk9/AACkxM4LGwTRYYbeMHhEqhBda?dl=0

This property is not yet listed, it will give you opportunity to review it.

PLEASE CALL OR TEXT (734)833-3978 OR REPLY TO THIS EMAIL FOR MORE INFO

18037 Pelkey St. Detroit, MI 48205

Investment Details

10 unit Apartment Building. Brick. 100% Occupied. Owned 17 years. No property management company in place, family manages on their own. 1 unit needs some updating but the tenant has been renting the unit for over 10 years. We have all rent rolls & lease agreements. All current on utilities and taxes no mortgages no liens. Not a distressed sale.

Monthly Income:

(8) 1 Bed/1 Bath Units

Rent for $465/month

(1) 1 Bed/1 Bath Unit

Rents for $300/month

(1) Management Unit

Rents for $200/mth

Total Monthly Income: $4,220.00

Gross Annual Income: $50,640.00

Tenants Pay: Electricity

Owner Pays: Water, Gas & Taxes

Water & Gas: $6,400/yr combined

Taxes: $5000/yr1

Insurance: $2,295/yr

Annual Expenses: $13,695.00(Self Managed)

Annual Expenses: $18,758.96(w/ 10% Management)

Annual NOI(w/ 10% Management): $31,881.04

Annual NOI(Self Managed): $36,945.04

Buy Now: $180k PRICE REDUCED!!

$10k EMD

Photos & ROI Spreadsheet

https://www.dropbox.com/sh/win9yo2k8o8hnec/AADR_qzTtPcjmoYpH-viWGt5a?dl=0<<<<<FOR PHOTOS

Additional Information

If not the principal buyer, please add your fee on top.

Seller pays all current & past due taxes & water.

Buyer pays all closing costs.

Sold as-is. POF required with all offers and showings

Seller Willing to Negotiate price Cash Only Deal

FOR MORE INFORMATION PLEASE CALL (734)833-3978 OR REPLY TO THIS EMAIL!!!!

@Ramon Huerta Not at this time but I will let you know when I do

We currently have a stacked inventory and but we are currently having problems finding reliable buyers. Please call/text (734)833-3978 or email [email protected] or sign up on my site at acrelifeinvestment.com 

Thank you,

Daniel Elijah Richardson 

NEW DEAL ALERT SUPER CHEAP APARTMENT COMPLEX FOR SALE INVESTORS DREAM PART 2!!!

18037 Pelkey St. Detroit, MI 48205

Investment Details

10 unit Apartment Building. Brick. 100% Occupied. Owned 17 years. No property management company in place, family manages on their own. 1 unit needs some updating but the tenant has been renting the unit for over 10 years. We have all rent rolls & lease agreements. All current on utilities and taxes no mortgages no liens. Not a distressed sale.

Monthly Income:

(8) 1 Bed/1 Bath Units

Rent for $465/month

(1) 1 Bed/1 Bath Unit

Rents for $300/month

(1) Management Unit

Rents for $200/mth

Total Monthly Income: $4,220.00

Gross Annual Income: $50,640.00

Tenants Pay: Electricity

Owner Pays: Water, Gas & Taxes

Water & Gas: $6,400/yr combined

Taxes: $5000/yr1

Insurance: $2,295/yr

Annual Expenses: $13,695.00(Self Managed)

Annual Expenses: $18,758.96(w/ 10% Management)

Annual NOI(w/ 10% Management): $31,881.04

Annual NOI(Self Managed): $36,945.04

Buy Now: $180k PRICE REDUCED!!

$10k EMD

Photos & ROI Spreadsheet

https://www.dropbox.com/sh/win9yo2k8o8hnec/AADR_qzTtPcjmoYpH-viWGt5a?dl=0<<<<<FOR PHOTOS

Additional Information

If not the principal buyer, please add your fee on top.

Seller pays all current & past due taxes & water.

Buyer pays all closing costs.

Sold as-is. POF required with all offers and showings

FOR MORE INFORMATION PLEASE CALL (734)833-3978 OR REPLY TO THIS EMAIL!!!! 

NEW DEAL ALERT!!!!!!

APARTMENT COMPLEX FOR SALE INVESTORS DREAM!!!!

14409 Linnhurst St. Detroit, MI 48205

Items of Interest:

1. Current owner since 1996.

2. 22 units. Mix is: 6 two bedrooms, 15 one bedrooms and one studio.

3. Upgraded copper water pipes.

4. Roof in good condition. 11 years old.

5. Owner manages and maintains the building.

6. Sixteen security cameras inside and outside.

7. Adjacent vacant lot (14423 Linnhurst) is part of sale.

8. Entire site is fenced.

9. City inspection conducted in July of 2016.

10. Lead based paint inspection paid ($3,400.00) and good for three years.

11. Multiple basement rooms now being used by owner for equipment storage

12. Laundry room washers and dryers use tokens not coins. $2.00 for per load each washer and dryer.

13. One vacancy. Good historical occupancy.

14. Updated boiler and hot water tank.

15. Under Contract - Offering it via Assignment - Act Fast!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Total Yearly Income: $167,488

Total Yearly Expenses: $52,696

Yearly NOI: $114,792

Cap Rate: 23.19%

Buy Now: $480k

$25k EMD Required

Guaranteed Rent: Disbursed via Detroit East Health Services!

CLICK HERE FOR PHOTOS

https://www.dropbox.com/sh/6vkup1dhgyvz4d5/AAAGW8Af0aArMpHnjruymV0Na?dl=0

PLEASE CALL TEXT OR EMAIL IF YOU NEED MORE INFORMATION

(734)833-3978 [email protected]

87 e MaryKnoll Rd Rochester Hills Mi 48309

NEW DEAL ALERT!!!!!

Market Value $220k

Needs updating but no damage.

Offer suggestion: $150k or greater

Buyer premium fee: $5k

Best Regards,

CALL: (734)833-3978

EMAIL:[email protected]

WEBSITE: acrelifeinvestment.com

PLEASE CALL OR EMAIL FOR MORE PHOTOS AND QUESTIONS.

7248 Standard St Center Line

Asking is $59,900.00 For Land Contract: $65k, with 30k Down.

Min. Price $54k - Cash.

Photos of the property:

https://www.dropbox.com/sh/5iyea14bcm5vdk9/AACkxM4LGwTRYYbeMHhEqhBda?dl=0

This property is not yet listed, it will give you opportunity to review it.

PLEASE CALL OR TEXT (734)833-3978 OR REPLY TO THIS EMAIL FOR MORE INFO