All Forum Posts by: Todd Keith

Five Stream Ventures, LLC would like to present you with the opportunity to acquire this 120 unit apartment complex near Dallas, Texas.

Asking Price - $7.1MM (plus 3% buyer's fee) Before 12/31/18 OR $7.4MM (plus 3% buyer's fee) After 12/31/18. Location - Garland, TX (Suburb of Dallas, TX) Year Built - 1965 and 1963 Building Class - Class C Units - 120 Unit Mix - Efficiency, 1/1, 2/1, 2/2, and 3/2 units. Occupancy - 94% as of Oct. 2018 Gross - $1,145,312 NOI - $457,061 Going In Cap Rate - 6.4%

Contact us if you would like more information on the property!

Todd Keith

Five Stream Ventures, LLC

214.395.0804

Five Stream Ventures, LLC would like to present this beautiful portfolio sale of 45 waterfront condominiums (1 seller) in Las Vegas!

Purchase price is firm per the seller @ $10,300,000. Seller to pay the R.E. Commissions at this price only or should the executed purchase price be below $10.3 m, the buyer to pay the 3% real estate commission This spectacular 45 condominium portfolio is a broken or fractured Portfolio from one seller. There are a total of 97 condominiums in Villa Azure with many different Sellers. These 45 condos have the same one seller. Portfolio sale only. This controlled access/gated condominium community was built in 2015. Broken or fractured condo deals are a portion of larger community or Master planned community.
The Villa Azure is located at 50 Aura de Blanco Street, Henderson, Nevada 89074 (suburb of Las Vegas).
  -The average monthly rent of the 45 condos are $1,345 and the condos are 1,268 square feet each. -the occupancy rate exceeds 90% -every condo is 3 bedrooms and 2 bathrooms -the condos offer a gourmet kitchen with granite counter tops and a pantry -flooring is lush carpeting and tile, there are 9 foot ceilings - all condos have a washer and dryer and all kitchen appliances are provided -there are window coverings, large walk-in closets -the condos either have a patio or a balcony, a porch or a deck -the condominiums interiors have very upscale features plus ceiling fans, -Large master bedrooms and there is a LAKE VIEW -Lake Meade is extremely close to Henderson, Nevada -there is a gorgeous pool and spa/hot tub, picnic and BBQ area -there is assigned garage parking. One assigned space per condominium FINANCIAL SUMMARY: OFFERING PRICE $9,850,000 PRICE PSF $172.63 PRICE PER UNIT $218,889 OCCUPANCY 98.00 % NOI (CURRENT) $455,153 NOI (At Market Rent) $454,292 CAP RATE (CURRENT) 4.62 % CAP RATE (At Market Rent) 4.61 % GRM (CURRENT) 13.31 GRM (At Market Rent) 12.96 Contact us for additional information! Todd Keith 214.395.0804 Five Stream Ventures, LLC

4 Unit Apartment Building - For less than the price of most Single-Family Homes, you can have 4 income-producing units!

2 Unit Duplex

For less than the price of most Single-Family Homes, you can have 2 income-producing units!

PRICED TO MOVE QUICKLY: $29,000

5 Unit Apartment Building - For less than the price of most Single-Family Homes, you can have 5 income-producing units!

4 Unit Apartment Building - For less than the price of most Single-Family Homes, you can have 4 income-producing units!

Hi @Elana L.

Sure thing. Let me know if you have any questions on this one. 

Have a great day, 

Todd

2 Unit Duplex - For less than the price of most Single-Family Homes, you can have 4 income-producing units!

Single Family Residence - For less than the price of most Single-Family Homes, you can have 4 income-producing units!

Now is your opportunity to purchase this 92 Unit Complex in South Central Florida!

Purchase price is very firm per the seller at $1,450,000

The seller to pay the Real Estate Commission at this price only

Or

Should the executed purchase price be less than $1,450,000, the buyer to pay the 4% Real Estate Commission Located in Belle Glade, Florida in Palm Beach County some 45-50 miles west of West Palm Beach and the Atlantic ocean. Belle Glade is a rural community near the iconic Lake Okeechobee which is a large body of water in the middle of the state. Please note: This is a Class C asset that has a Cap Rate of 7.6% with a Net Operating Income of $107,978 & that is with 86% rented rent-ready units and there are still 20 units that need a full rehab & then to be rented. Proforma: Cap rate would be 11.5% (when fully occupied, there are currently 20 vacant units)
Property description: Great potential income producing property in Downtown Belle Glade, FL. This value add property includes the sale of 4 buildings with a total of 92 units. 92 units breakdown: (3 folios, 4 buildings total) 72 available for rent now 62 already currently rented (86% occupancy of the 72 units that are rent-ready) 20 needs full rehab Folio 1: Building- 12 unit apartment building. Legal 12 unit property. (all full 1/1s) all rented 3 separate 4 unit buildings fully occupied. The buildings are CBS construction. All 3 buildings have concrete roofs! Cash flow multi-family rental! All units rented for $450-$550 per month each. Rents can be increased as they have been the same for 10+ years. Folio 2: Building- 28 units (1 bed with kitchen area-4 common bathroom areas). Building almost fully occupied. This building is CBS construction Folio 3: Building 1- 32 unit building that is almost fully rented, (with common bathroom areas). It has a vacant building on same folio that can provide 20 extra rent-able units once renovated. Building 2: is a two story frame/stucco building with 20 units single bed and 7 units double bed boarding house style, small room with down the hall full bathroom and showers for women and men. Needs full rehab estimated at $60-75k. Property has on site property manager that collects rent and maintains property. Folio 1: Income $59,935 expenses $34,975 net $24,960 Folio 2: Income $62,640 expenses $25,654 net $36,986 Folio 3: Income $69,600 expenses $23,568 net $46,032 Total Net NOI: $107,978

Contact us for more information!

Todd Keith

214.395.0804

Five Stream Ventures, LLC