All Forum Posts by: Elan Spreiser

What type of minimum are you looking for and at what rate?

Hey David These properties are near Cedar Creek Lake in Southern Dallas - are you interested in more info? If you send over your email address I can docusign you an NDA.

Thanks!

E

Hey Michael just sent over an NDA - please sign and return and we will get everything over!

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

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 

See Digital OM by clicking the link below!

https://wwws.stagexchange.com/strattongroup/AZ21

DM/Email/Call/Text for more info!

 - [email protected]

 - 520-349-6749

Actually I believe we met at one of your properties - I was late for one of your walk throughs!

Was that you by chance? I believe it was 6 units in PHX.

Hi Isaac - Please watch for an NDA to come to that email address!

Thanks,

Elan

OFF MARKET MULTI-FAM PROPERTIES IN TUCSON!

$700,000 - 14 Units: 9% Cap Rate!!

Call/Text/email or Message me for Rent Roll & Financials or
to schedule a walk-through 520-349-6749 or
[email protected]

Elan Spreiser, Stratton Real Estate Group, Keller Williams Southern Arizona

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

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