All Forum Posts by: Todd Keith

Hi Jeremy, 

You should have a few emails from in your inbox now. 

Let me know if you have any questions. 

Thanks,

Todd

3 Unit Triplex - For less than the price of most Single-Family Homes, you can have 3 income-producing units!

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!

Purchase price is very firm per the seller at $92,500,000, buyer to pay the 3% real estate commissions

Seller will not pay any buyer side commissions

NOI is approximately $10,000,000 (+/-) The Ocean Maya Royale Resort- A large 302 key Five Star Oceanfront Resort for under $100 mm. Located approximately a 45 minute drive from Cancun's hotel zone. Ocean Maya Royale Resort Carretera Federal Cancun

Chetumal km 299, 77710

Playa del Carmen This is an all inclusive adults only resort. The resort was totally re-furbished in 2010. There are 4 restaurants, 2 pools, a world class fitness center, spa, 4 meeting rooms, and facilities for weddings, and much more! The rate for this all inclusive resort is very moderate compared to other resorts in the Cancun area. There is tennis on the grounds and just two miles or so away, there is the El Camaleon Golf Club. Ocean Maya Royale The Ocean Maya Royale Hotel is located on the seafront of Riviera Maya, in the heart of the Mexican Caribbean and close to Playa del Carmen. In 2010 the hotel was completely refurbished and now has renovated rooms, a new Italian restaurant called la Dolce Vita, an addition to the already existing three themed restaurants, the Despacio Spa Centre, four meeting rooms and more. The hotel also offers many activities, exclusive rooms, and services for those who are looking for a more exclusive stay.

• 320 rooms
• Free wi-fi in all the hotel
• 2 pools
• Chill-out terrace by the sea (reformed!)
• Theatre (shows every evening)
• Car rental
• Currency exchange
• Mini market and boutique
• Private parking
• Room service
• Laundry

  Awards: Rainforest alliance Rainforest alliance verified programa de turismo sostenible del rainforest alliance 2011 Tripadvisor Certificate of excellence 2016, 2015, 2014, 2013, 2012, 2011 Guest review award 2016 Excellence award 2016 Golden apple award 2016 Gran hotel turismo Best hotel chain 2014 in the 10th hotel initiative awards 2014 Zoover Recommended award 2014 Zoover award 2015, 2014 Holidaycheck Holidaycheck award 2016 Quality selection 2014, 2013 Recommended 2015 Tophotel 2014 Rci Gold crown resort for excellence in services 2015, 2014, 2012, 2011, 2008 Rci premier 2015, 2014 Apple vacations Golden apple 2015, 2014, 2013 Marti International recognition for its environmental commitment 2009 Sectur Distinctive "S" environmentally responsive company 2013 Preverisk Health and safety award 2014, 2013 Tui Tui gold award 2016, 2015 H10 hotels Best holiday hotel in client satisfaction indices 2014 1st excellence award 2013, 2012, 2011 Hotels.Com Excellent guest review score 2015 

Contact us for more information,

Todd Keith

214.395.0804

Five Stream Ventures, LLC

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!

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

Thanks for bringing that up, @Wayne Brooks. We don't want anyone to think we're misrepresenting. We received this deal from one of our off-market broker contacts. 

This disclosure information was provided in the original content we received from the broker. We did not disclose in the original post, but we will do so going forward. 

Thanks again. 

Here's the original disclosure: 

IMPORTANT DISCLOSURE ON THIS PORTFOLIO: IN "GOOGLING" THIS ASSET, THE INTERNET STILL PICKS UP THE LISTING BROKERAGE THAT "WAS" REPRESENTING THE SELLER. THIS IS NO LONGER THE CASE. THIS IS NOW DIRECT TO THE SELLER WITH OUR FLORIDA LICENSED BROKERAGE PARTNER. 

South-Central Florida 92 Unit Multi-Family asset that is Value Add on steroids, priced Super Low

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