Naples Bulk sales, Debt and Bank REO

We are a company directly in touch with FDIC, local banks, builders and other Debt/ OREO sellers. To include 1st position senior debt, Pre- foreclosure sales from the Court steps to the bank direct to you. we broker these opportunistic deals direct to you.
This blog announcement is to give SEC qualified type of buyers a notice and opportunity for qualified buyers to acquire a substantial portfolios of discounted Notes/REO properties at one time or commercial assets as debt or OREO. High end Luxury Jumbo loans/ REO homes or condos on the beach as well.

Mike Rivera,
Ferrer & Associates,LLC

Wednesday, December 1, 2010

For Sale Proven MFR buyers Only,204-unit garden-style apartment community

Daytona Beach- Class B, Class A location 204-unit garden-style apartment community located on the south side of Beville Road (FL-400), approximately 2 miles east of I-95, the area's major highway, and only two miles from Daytona Beach International Airport. The property's superb location in the heart of Volusia County is within minutes of the area's major employers, educational facilities, healthcare centers and some of the world's most famous beaches.

Info- The exteriors of the buildings were painted in 2008 and the parking lot was re-sealed. The pool was resurfaced in 2007 and the roofs were replaced in 2003. However, the property provides a “value-add” opportunity through interior upgrades. A $30 rent premium has been acheived on units with upgraded appliances. The property provides an additional opportunity through kitchen and bath cabinet renovations. Implementation of an upgrade program over the long term for all units would provide an increase in future rental revenue.

Structural Detail:

Buildings and Heights 11 two- and three-story buildings
Foundation Poured slab concrete
Exterior Walls Wood frame with stucco finish
Paving Asphalt, re-sealed in 2008
Fire Safety 11 buildings with pull stations
Roof Pitched with asphalt shingles, replaced in 2003
HVAC Each unit has a central air handler, condensing units are mounted outside each unit
Plumbing Copper
Wiring Copper

Community Amenities:

  • Barbecue Area
  • Dog Park
  • Clubhouse
  • Self Service Carwash
  • Spa/Hot Tub
  • Swimming Pool
  • Fitness Center
  • Tennis Court
  • Pet Friendly

Select Unit Amenities:

  • Walk-in Closets
  • Extra Storage Space
  • Washer / Dryer Connections
  • Central Air/Heating
  • Dishwasher
  • Screened Balcony / Patio
  • Cable TV Ready
  • Garbage Disposal
  • Refrigerator
  • High Speed Internet Access
  • Ceiling Fans
  • Handicap Accessible
  • Oversized Pantry/Laundry Room
  • Views Available – Pool, Waterfront, Lush Greenery
  • Upgraded Kitchen Appliances in Some Units

Assumable 80/20 bond financing available.

Price: TBD by Market
Units: 204
YoC: 1985
Sq Ft: 185,568
Acres: 13.00

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