Friday, September 18, 2009

237 units on 9.62 acres

This 21 buildings totaling 237 units on 9.62 acres built in 1970. All the units are 1/1's and 2/2's. 12 units are 1100 S.F. 78 Units are 700 S.F. and 147 units are 920 S.F. Currently the rents in there are 584 a month. When looking at the rent roles you will see some rents are lower but those are for people that have been there multiple years. Moving forward you will have no problem getting 510-550 a month conservative. Please call me if you have any questions and would like to see the rent roles and a PDF I have a complete description and work up that was done by Dickinson Klotz Commercial Brokers. I have tons of info for you to review. This property is not going to last long at this new price so please act quickly if you have any interest at all.

Sunday, September 13, 2009

First-Time Homebuyer 8k Credit Dont Miss OUT!

First-Time Homebuyer Credit Questions and Answers: Basic Information

Q. What is the credit?

A. The first-time homebuyer credit is a new tax credit included in the recently enacted Housing and Economic Recovery Act of 2008. For homes purchased in 2008, the credit operates like an interest-free loan because it must be repaid over a 15-year period.

The was expanded in 2009 for homes purchased in 2009, increasing the amount of the credit and eliminating the requirement to repay the credit, unless the home ceases to be your principal residence within the 36-month period beginning on the purchase date.

Q. How much is the credit?

A. The credit is 10 percent of the purchase price of the home, with a maximum available credit of $7,500 ($8,000 if you purchased your home in 2009) for either a single taxpayer or a married couple filing a joint return, but only half of that amount for married persons filing separate returns. The full credit is available for homes costing $75,000 or more ($80,000 if purchased after Dec. 31, 2008, and before Dec. 1, 2009).

More Info Here



2856 Lee Ave
Dallas, TX 75204

**In a HOT area of Downtown Dallas. Close to 75 N. Central Expressway**

*3/2.5/2 (with pool)
*Is a townhome
*ARV $350,000
*Repairs $65,000
*Asking price only $106,000
*Buying at 48% below market!

No pictures, email for access to see property


Deal #2

Nice Buy and Hold Deal

4511 Sanford St.
Haltom City, TX 76117

*950 sq ft
*ARV $68,000
*Repairs $10,000
*Asking price $38,500 (OBO)
*Rent $600

*SERIOUS Inquiries only please. Cash or line of credit only. Earnest deposit is required.

Malendaz Coleman
Real Estate Investor / Online Business and Marketing Coach
Malendaz Coleman
Direct: 941 628 3891
Investor Alert Deal Blog
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Saturday, September 12, 2009

Investor Alert Florida Homes Under 65K

(Palmetto) 3 bedroom 1 bath block home, 1 car att garage, built in 1994, Approx 1100sqft under A/C, good condition, The Price is $49k

(Bradenton) Village of the Arts! 2 bedroom 1 bath home, built in 2001, zoned professional, potential 3/1 office,commercial/residenLinktial, Needs TLC, The Price is $39k
(Bradenton) 2/1 block home, Approx 1100sqft under A/C, good rental, The Price is $43k
(Bradenton) 2 bedroom 1bath home, Approx 1000sqft under A/C, possible 3rd bedroom, The Price is $39k
(Bradenton) Handyman! 2bedrooms 1 bath block home, Approx 1100sqft under A/C, Needs everything, The Price is $23k
(Bradenton) Garden Walk Condo! #703 2 bedrooms 1 bath, Approx 1000sqft under A/C, 1st floor unit, good condition, monthly fee is $218 includes insurance, cable, water! The Price is $34k
(Bradenton) 3/2/1 Block brand new home, built in 2009, Approx 1000sqft under A/C, never been lived in & has C/0, The Price is $65k
If you have any questions or want to see the inside please call me ASAP. Thank you and have a great day. All the best, CALL (941) 421-4052

Sunday, September 6, 2009

Shopping Centers for Sale.

Shopping Centers for Sale
Fourth Quarter 2009

Ft Lauderdale Publix, no debt will sell at an 8.35 cap on actual income.
44,800 sf, 100% leased, with 5 local tenants, on 5 acres, 5 to 1 parking ratio, 210 spaces, strong barriers too entry, built 2008, total revenue of $1,088,690 or $24.25 square foot.

Atlanta Publix, Price $10.7M, on NOI of $772,000 with debt of $8M @ 5% simple interest, call in 2011, total of 46,400 square feet, 100% occupied, on 5.4 acres, built in 2002, Publix annual sales in 2007 $472 square foot, main and main suburban location.

Orlando West Pulbix, 65,044 square feet, new center ideally located in the growth corridor of West Orlando, with excellent demographics, the center is currently in the lease up phase for local space, in place income of $981,054. With 15,008 local retail spaced not leased and three out parcels not sold.

Central Florida Publix, under construction will be completed in the fourth quarter 2009, 72,210 square feet, with 60% of the local space pre leased and three out parcels.

Orlando North Publix, 54,000 square feet, and Belk Department store 66,247 square feet, Total of 172,400 square feet, with 6 too 1 parking, 2005, occupancy 100% NOI $1,662,890, asking $24M, land lease for 60 years with options. Open too offers, no debt.

Tennessee Publix, 71,200 square feet, new in 2008, 95% leased with an NOI of $ 975,346., average household income of $67,374 within a three mile radius, priced at an 8 cap.

Tampa Sweetbay, 121,413 SF grocery-anchored shopping center located Currently 87% leased, is anchored by a Sweetbay (44,315 square feet), grocery store, leased until 2022, Family Dollar, Ace Hardware and Pet Supplies Plus. The Property is located on heavily-trafficked major artery in a densely populated residential area of North Tampa. This an excellent opportunity to acquire an established, Sweetbay grocery-anchored shopping center which provides stable cash-flow from national tenants and upside potential in the form of contractual rent increases and lease-up of vacant space. Price: $10,340,000. Year 1, Net Operating Income (In-Place): $902,707, Capitalization Rate: 7.10% Leveraged Cash-On-Cash return: 7.53% (with existing, assumable financing of 3.5% of $4,275,112, call 2011). Junior anchors include Ace Hardware, Pet Supplies Plus, and Family Dollar. Sweetbay and the junior anchors account for 65% of the space and 52% of the gross income.

Kentucky Kohl’s, 88,405 square feet, BBB+, NNN, built 2005, on 12 acres, leased until June 1, 2026, with an additional renewal option of six (5) year options, 100% leased Parking Spaces (5.1 per 1,000 RSF) NOI $ 728,000. Debt of $6M, at 5.13% due in 2011, annual debt service of $312,151. Open too all offers.

Dallas Kohl’s, Bed Bath & Beyond, and Marshals Anchored Power Center,197,332 square foot the Property benefits from a superior location that experiences traffic counts of over 100,000 vehicles per day, ideally located at two of the major thoroughfares connecting Fort Worth to the Dallas Metroplex and communities to the north. Occupancy is 95% leased with national retailers occupying approximately 91% of the rentable square footage and providing approximately 90% of the income. In addition, 71% of the rentable square footage (Kohl’s, Marshall’s and Bed Bath & Beyond) has an average remaining lease term of 15.5 years. 8.5 Cap rate.

South Carolina Kohl’s, consists of a 100% investment grade center, 173,801 square foot retail, center completed in the fall of 2008 on approximately 15.31, acres with the following tenants: Kohl’s Department Store, Dick’s Sporting Goods, Staples, AT&T, and Horde’s restaurant. The property has excellent frontage and exposure, on Clemson Boulevard (US Hwy 76 & 178). Priced 7.5 cap rate, on actual income.

Rio Grande Valley, Texas, HEB Grocery Plaza,
2009, Asking $34,759,000. at a cap rate of 8.5%, the center has a Rare 20 Year HEB Lease with an assumable loan of $23 Million Maturity in 2028, also a 30 year Wells Fargo Ground Lease, All NNN Leases, consisting of a 147,324 square foot HEB Plus and TJ Maxx, totals 213,090 square feet, excluding the ground lease with Wells Fargo. The property is located in a high growth area of Texas in the Rio Grande Valley. Average household income in a one, three and five mile radius is approximately $71,000, $78,000, $69,000 respectively. The subject property offers an investor the rare opportunity to acquire a new center with credit tenants on long term leases at an attractive return, due in part to an existing assumable loan with terms that cannot be duplicated in today’s markets.

Hedge selling his portfolio,15 locations, one city, 9 cap, absolute NNN, 15 year primary term, 7 (5 year options) each at a 25 basis point increase in the cap rate,
Additionally, they may offer a distribution facility on a sale/leaseback for 30 years (a $32m facility, 200,000sf).The package could reach $70-80m. There are 600 sites nationwide with annual sales over seven biliion dollars, listed on the Forbes 100 List of Privately Held Companies.

* Federal Express Distribution Warehouse, 118,796 Square Foot Building on 51.75 Acres of Land, California Location, 15 Year "N/N" Lease with Rent Increases every 30 Months This is Federal Express's 3rd largest facility in the United States. Built in 2006, NOI $2,761,160, Asking $35,500,000.

*New Jacksonville, Florida, 601,500-square-foot, NNN, Class A, state-of-the-art, concrete tilt-up distribution facility, 100% leased to Dr Pepper ( NYSE: DPS), through 2019.

* Florida Developer liquidating his NNN, free standing portfolio, Price $73 Million, 11 Walgreen’s and a Publix shopping center, Long-Term Net Leases (10-20 Years), Below-Market Rate (5.6%), Assumable Non recourse Debt of $53 Million. Asking an 8% Cap rate Net Operating Income $5,479,659, Debt Service $ 4,252,882, Net Cash Flow after Debt Service $1,226,777.

* Ten (10), Retail Citizens bank sites, S&P A rating, NNN, located in the Philadelphia metro area, 10 year term, Sale/Leaseback, Total NNN Rent of $1,766,400, average of $37.80 per SF, 1.25% per annum escalation, extremely high barriers to entry.

* Five (5), New QuikTrip sites located in the Phoenix area, Sale/Leaseback, $20 Million Dollars asking price, at a 10 cap rate. Founded in 1958, with 2008 revenue of $9.2 Billion, and over 500 locations in 9 states, S&P rating of BBB, #27 on Fortune 100 best companies.

* Developer selling Three (3), NNN leased Industrial Warehouse, located in Chicago, Atlanta & San Francisco, each 150,000 square feet, O Neil Steel Lease Guarantor with a $214 Million Dollar Net Worth, each site has 16 years remaining on the lease with assumable, non recourse financing at 5.6% simple interest, due in 2016, can be purchased individually or as a portfolio. Priced at a 10.5% cash on cash return, Asking $7.3M, $5.5M and $5.7M.

* Neways, Inc Utah, 100% NNN leased until 2028, 305,000 Square Foot Distribution Warehouse, The initial net annual rental of $1,152,750 has just increased to $1,167,000 June 1, 2009 (1.25% annual increase). There are three five-year renewal options with the same 1.25% annual increases. Net Annual Income: $1,167,000. Asking, Price $14.1M. Or an 8.27% return on the ask, (developer will take north of a 9 cap).

* 300,000 Square Foot, Mid town Manhattan Office, bank owned, secured by a $100 Million defaulted note. Can be deliver vacant, currently zoned for hotel, condo, or an apartment conversion. The site has a fantastic location.

Real Estate Investor / Online Business and Marketing Coach
Malendaz Coleman
Direct: 941 628 3891
Investor Alert Deal Blog
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FREE $75 from Bank of America

How to get a free $75 from Bank of America

A Bank of America deal will give you 30%-40% on your investment.

Here's the deal… if you deposit $250 in a new checking account at Bank of America and use your debit card once in the first 30 days, the bank will give you $75. In addition, if you use its free bill-paying service (I already do this) and pay two bills in the first month, it will give you $25 more. What do you have to lose.

This is $100 on $250, a 40% return on your money. If you've been looking for a reason to change banks, this is a great way to be paid to move. Or do what a couple of my friends are doing, and just deposit $250 and use your debit card for one small purchase, keep the account open for six months, and collect your $75 bonus! Take advantage of this deal. This would be great for collage kids just starting out.


Real Estate Investor / Online Business and Marketing Coach
Malendaz Coleman
Direct: 941 628 3891
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Friday, September 4, 2009

DUPLEX Next To UCF Bonneville FL, 102

Investors, check out this very nice duplex in Bonneville, a good rental area next to UCF. Property is block and consists of two 2/2s on 1/3 acre backing to conservation. Both units are clean with tile throughout main areas and new water heaters. One of the units already has a brand new AC air handler and condenser. The other unit is missing some appliances and an AC condenser. Both units need some minor cosmetic repairs, but are in good shape overall. Hurry, this one will sell quickly! The only other active duplex in the area is a short sale three doors down listed at $195,000. -Bonneville / UCF Area Duplex-Two 2-Bedroom, 2-Bath Units -1740 Living Square Footage-Concrete Block Construction-Built in 1986 -Central Heat/Air-Tile Throughout Main Areas-Large 1/3 Acre Lot -Backs to Conservation-Separate Meters -HOA: None-Taxes: $2528 (2009 est.) NEEDS-AC Condenser in one unit-Appliances in one unit-Cosmetic repairs -General cleanup-Paint touchup-Landscaping VALUES-Tax Assessed: $120,543 (09), $160,292 (08)-Bank Was Owed: $240,693 -Market Rent: $750-800/Month X 2 Units YOUR PRICE...ONLY $103.00! -Cash or hard money only -Buyer pays all closing costs.

If you have any questions or want to see the inside please call: (941) 628-3891

Malendaz Coleman
Real Estate Investor / Online Business and Marketing Coach
Malendaz Coleman
Direct: 941 628 3891
Investor Alert Deal Blog
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