28 UNITS Bulk condo sale

4 APARTMENT CONDO BUILDINGS TOTALING 28 UNITS IN CAPE CORAL. 18 INDIVIDUAL BUILT AS CONDOS IN 2006 AND 10 UNITS UNDER 1 STRAP . Lennar Home condo style designs in 4 separate bldgs 3 with 6 units and 1 with 10

Buildings built in 2006 and 2007.  Current  GROSS income is right at $198,660 with the 3 vacant units. NET INCOME IS GUESSTIMATED AT 130K .  Buildings are in as good a condition Totals 56 bedrooms and 46 bathrooms.  All tenants pay there own utilities.  Vacant Units need nothing.  All appliances and washer and dryer are there.  Leases are all in place with deposits on occupied units.  Deposits vary per unit.  All units have all tile except 2 units.  Very low upkeep to maintain current condition.  Expenses available upon request.   Very rare opportunity to buy TURN KEY Bulk condos income assets less than 5 and 6 years old.

ASSESSMENTS ARE ALL IN AND PAID ON ALL 4 BUILDINGS

ask for confidentiality agreement. Or leave message at 206-350-8675

Mike Rivera at Embarqmail. com

Mike Rivera, Ferrer & Associates 

40 unit Multi family apartment complex / Bulk sale of Units

40 unit Multi family apartment complex 

• Price: $1,700,000
  Year built: 1987
• Pro Forma CAP Cap Rate: 8.
  Units: 40
• Square Footage: 29,000 sqft
  Price Per Foot: $58.62
• Price Per Unit: $42,500.00

Property Details:

The Apartments is located in Fort Myers, Florida spread across approximately 4.5 acres. The property was built in 1987. The unit mix consists of 40 two bedroom, one bath units with 725 square feet. All units have central heat and air. This asset provides an investor with a value-add opportunity. The current in-place rents are at the bottom of the market providing for the ability to increase rents after occupancy has been stabilized. The property is current operated by an out-of-state owner which makes it very difficult to effectively manage a deal of this size. In our opinion, once the property is stabilized, an investor can expect an increase in Net Operating Income in the short-run while realizing capital appreciation in the long-run. Core location convenient for the location, a close walk to Lowes, Wallmart, Denny's, 3 Gas Stations, burger king Sweetbay. 5 minutes to Ft Myers Beach 2 minutes to Lee memorial health system. excellent workforce housing location.

10 units Luxury Condo,Bulk Sale in Naples Florida

New 10 units Luxury Condo,Bulk Sale in Naples Florida. Just purchased from Bank as a Note. and Just finished by the new note holder all units have 10 year warranty's on structure and appliances..
Avg Sq Ft Sales in this market are 500 a foot.
avg sq ft sales for units 1500 to 2200 sq ft avg 389 a foot.

Your Price to acquisition all 10 units and 20,000 sq ft of rare Olde naples Luxury product.

$210 or $4,035,000 off market Private sale. Sign NCND.
NCND (confidentiality agreement)

http://www.mediafire.com/?46bpobc4f1ak359


A bit about Mike Rivera. Im a 42 year old Broker for 17 years in the Business and 26 years living here in this market./ Im a former licensed RE Appraiser with countrywide. Mortgage broker as well and purchase Income Investment property for myself and my Investors and capital Partners. Im always on the look out for capital partner and committed buyers who understand the income and hold
We constantly purchase Bulk units, condos, Duplex, Quadplex, apartments, NNN, Commercial retail plazas hold and rent units based on a 5 to 7 year proforma and then sell. We also acquisition for arbitrage yields and perform quick turnarounds.
I have superior customer service, immediate turnaround time.


Mike Rivera,
Investment Real Estate Analyst
Star Capital Group
Naples Fl
954-957-3134 Office
239-770-6257 Cell
239-775-2066 Fax
Mike Rivera, Ferrer & Associates,LLC