All Forum Posts by: Elan Spreiser

137 Unit complex 15 minutes from Central Dallas. Property is comprised of 159 rentable units, but 22 are smaller and are A or B units (123A, 123B, 124A, etc.).

68 1-Beds & 69 2-Bed Units. Site Amenities include laundry facilities and a pool. All units are wheelchair accessible and have a balcony. All utilities are included in the rent (Billing-Back Upside!).

Property is in the process of being fully rehabbed; still needs ~$500-600k to finish the job but it will be finished before the sale. Upon completion, 1-Bed rents could be raised ~$100 and 2-Bed Rents ~$30, according to rent comparables in the Dallas area.

*** NOTE: Ask me about 404 Unit 2 property package in Dallas also - Currently 80% Occupied at an 8%CAP - Pro Forma 10+% CAP

DM/Call/Text for more details - will send NDA/OM!

Elan Spreiser

Cell: 1.520.349.6749 (call/text)

Office: 1.480.409.4404

Email: [email protected]

DALLAS OFF MARKET 28 UNIT MULTI FAMILY NEAR BAYLOR HOSPITAL

28 units - $2.2mm with upside - current rents at $600/unit/month with investment can fetch up to $900/unit/mo

Land available to develop another 10-12 units

Please DM/contact Elan Spreiser, Stratton Real Estate Group, JDS Real Estate Services

Email: [email protected]

Call/text: 520-349-6749

Highlights:

- Price: $2.3mm

- 3 studio ($520/mo, 450 sq ft)

- 6 1bdr ($590/mo, 600 sq ft)

- 27 2bdr ($650/mo, 700 sq ft)

- all new 2 button flush toilets (brought water bill way down)

- pool is maintained by a pool company

- laundry is maintained by a company

- new 'wood' laminate flooring in all units

- 10-20 new water heaters

- property has been painted (All units)

- some appliances have been replaced

DM/Email/Call/Text for more info!

- [email protected]

- 520-349-6749

PRICE - $16.5 million

CAP - 7.75%+

NOI - $1,297,426.17

PRO FORMA CAP - 11.75%+

PRO FORMA NOI - $1,940,831

Property 1 is 304 units and Property 2 is 100 units. These two C-Class multifamily assets are being offered for sale as a package only. A new purchaser must assume an existing CMBS loan, currently serviced by Wells Fargo, with a balance of $7.3 million, 5.41% interest, 30 year amortization, with 9 years remaining. The lender has indicated that a supplemental loan is available. Terms are not verified.

The property has high value add components as overall occupancy is at 83%, and cosmetic repairs may continue to maximize curb appeal. Aggressive leasing strategies and ongoing rehab of interiors and exteriors by the current ownership have brought the property up from low occupancy and performance. A new owner can take it to the finish line, while increasing performance dramatically.The properties are well located with high visibility on a busy boulevard and offers excellent amenities. Floor plans are very desirable for this family community with mostly 2, 3 and 4 bedroom units at a spacious 849 sf average size!

Please DM/Email/Call/Text for an NDA to be signed and all financial info for properties!

Elan Spreiser

Stratton Real Estate Group

JDS Real Estate Services

[email protected]

520-349-6749

HUGE RV PARK - Tucson AZ - Seller will consider all reasonable offers! Property maintains wait list, and is regularly 100% occupied, well maintained property, very clean!

-- 240 Space RV Park

-- 25 Acres

-- Very Desirable Location!

-- 100% Occupied

-- Sept-Feb Wait List

-- Direct Billed Electric

-- 10,000+ Asset Sq Ft

-- Heated Pool

-- 4 Bocce Ball Courts

-- 25 Acres

Please DM/Email/Call/Text for Financials/Rent Roll/OM

Marc Luety/Elan Spreiser

520-349-6749

[email protected]

Stratton Real Estate Group

Keller Williams Southern Arizona

Off Market 2 property package Located in Tucson AZ.

-- $1,400,000 - asking

-- Property 1 is 20 units

-- Property 2 is 17 units

-- properties are within 1mi from each other.

-- Property 1 has Healthy Unit Mix

-- Easily managed properties, no pools or parks, minimal maintenance, no DM

Please DM/Call/Text/Email for an NDA, and all documents/financials/property pictures!

Elan Spreiser

Stratton Real Estate Group

Keller Williams Southern Arizona

[email protected] / 520-349-6749

HUGE RV PARK - Tucson AZ - Seller will consider all reasonable offers! Property maintains wait list, and is regularly 100% occupied, well maintained property, very clean!

-- 240 Space RV Park

-- 25 Acres

-- Very Desirable Location!

-- 100% Occupied

-- Sept-Feb Wait List

-- Direct Billed Electric

-- 10,000+ Asset Sq Ft

-- Heated Pool

-- 4 Bocce Ball Courts

-- 25 Acres

Please DM/Email/Call/Text for Financials/Rent Roll/OM

Marc Luety/Elan Spreiser

520-349-6749

[email protected]

Stratton Real Estate Group

Keller Williams Southern Arizona

Off Market 2 property package Located in Tucson AZ.

-- $1,400,000 - asking

-- Property 1 is 20 units

-- Property 2 is 17 units 

-- properties are within 1mi from each other.

-- Property 1 has Healthy Unit Mix

-- Easily managed properties, no pools or parks, minimal maintenance, no DM

Please DM/Call/Text/Email for an NDA, and all documents/financials/property pictures!

Elan Spreiser

Stratton Real Estate Group

Keller Williams Southern Arizona

[email protected] / 520-349-6749

HUGE RV PARK  - Tucson AZ - Seller will consider all reasonable offers! Property maintains wait list, and is regularly 100% occupied, well maintained property, very clean!

-- 240 Space RV Park

-- 25 Acres

-- Very Desirable Location!

-- 100% Occupied

-- Sept-Feb Wait List

-- Direct Billed Electric

-- 10,000+ Asset Sq Ft

-- Heated Pool

-- 4 Bocce Ball Courts

-- 25 Acres

Please DM/Email/Call/Text for Financials/Rent Roll/OM

Marc Luety/Elan Spreiser

520-349-6749

[email protected]

Stratton Real Estate Group

Keller Williams Southern Arizona

@Brian Adams, we have a relationship and are working with the 'listing' broker in Texas out of our Dallas office. 

Thanks!

Elan