New Condo Packages and New Residential
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HOTEL - ORLANDO, FL
Appraised: $16,500,000
Purchase: $10M
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Reunion (Orlando), FL ***NEW***
Luxury Condos 23% LTV
Appraisal: 44M
Purchase: 10.5M199 Condo Units
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WINTER PARK (Orlando), FL
Luxury Condos 23% LTV
Appraisal (Jan 09): 32.78M
Purchase: 7.7M
189 Condo Units
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APARTMENTS HOUSTON, TX
Phase I&II: Built in 1972, were later renovated in 2000
Phase III: Built in 1982, were later renovated in 1997
Suggested Price: 6M
Number of Units: 376
Net Rentable Area: 318,412 SF
Acreage: 11.39 Acres
Occupancy: 30%
Since the property is severely underperforming, an investor can take advantage of purchasing it at a discount, renovating it, and leasing it up to where the other comparable properties occupancies are. Currently the occupancy is at 30%, whereas other Class C properties in the immediate area average over 90%. At 90% occupancy this would give these properties a $39,921 price/unit value or $51.22 per sf. As you can see this property has tremendous upside!!!
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Million Dollar Home Woodlands, TX
Appraised: 2.7M
Purchase:2.2M
I know seller personally, so we could possibly get creative.
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Single Family - LaMarque, TX
4/2 built 1995
Appraised: $120k
Purchase: $94k
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Single Family - Houston Heights/Garden Oaks, TX
4/2.5
Appraised: $345k
Purchase: $274k
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Single Family LOTS Houston Heights, TX
Could place 3 story townhomes on...
Appraised: $218k - $265k as-is
Purchase: $126k
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