Carpe Diem Chicago Real Estate Blog: Investor alert..Major price adj. on 27 unit multifamily. 9.4 cap based on actual #s. Carpe diem.. Better than the stock mkt!

Thursday, June 6, 2013

Investor alert..Major price adj. on 27 unit multifamily. 9.4 cap based on actual #s. Carpe diem.. Better than the stock mkt!

Bridgeport Investment..9.374 cap.27 units..Just when you think inventory has been depleted..

Carpe Diem..Check it out!

3225 s may, 3247 s. may and 3157 s. Racine

750k of assumable debt

Priced right@$2,199,975

Bridgeport rent rolls and offering package

3247 S. May Tenant breakdown.3-2br/1ba,1-4br/2ba,1-1br/1ba

Income $4070 monthly $48840 annual

Expenses..Owner pd. Uti1ities.$2000(2012 actual)

Insurance$2000 RE taxes $7200

Net Operating Income $37,640

5 flat can be deconverted back to 6 flat. All tenant heated. Washer/Dryer(Coin opp) Updated  in last 5 years. New windows, new roof

3225 S. May Tenant breakdown 9- 2br/lba,1-lbr/1ba,1-studio,1-3br/1ba

Income $9520 monthly $114,240 annual

Expenses..Owner pd. Utilities $5500(2012 actual)

Insurance $5000 RE taxes $9700

Net Operating Income $94,040

12 units. New roof. New windows. Renovated in last 5 years. Tenant heated

3157 S. Racine Tenant breakdown 2-2bd/1ba,7-1bd/1ba, 1 penthouse(3br/1ba..just finished)

Income $8197 monthly $98,364 annual

Expenses..Owner pd. Utilities $7500(2012 actual)

Insurance $6200 RE taxes $10110

Net Operating Income $74,554

10 units.Newly renovated in last 4 years. (Windows and units) 4 units have Washer/dryer..2 coin opp. Most units are Tenant heated

Actual Gross Income for all 3 buildings.$261,444

Actual Net operating income for all 3.$206,234

Taxes.27,010 1nsurance..13,200 Utilities. . .15,000

****New Asking price for all 3.. $2,199,975 or 9.374 cap(based on actual NOI)***
EMAIL rgoldstein@rubloff.com for more info or private showing

Ron Goldstein, MBA
Principal
Silver Professionals, LLC.
Certified Luxury and Eco-Broker@Prudential Rubloff..chicagoluxuryrealty.com
Check out my blogs@silverprofessionals.blogspot.com and carpediemrealestate.blogspot.com
ron@silverprofessionals.com
(o)312-264-5846 (c)312-771-7190 (f)312-264-5746

Offices in Chicago and St. Petersburg
Carpe Diem..Jobs & Homes..Base of our Economy!

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2 comments:

BuyPlaya Real Estate said...: This comment has been removed by the author.; June 14, 2013 at 10:40 AM
BuyPlaya Real Estate said...: Excellent content and photo. everything is unique in this post!

Real Estate Playa del Carmen; June 14, 2013 at 10:41 AM

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Professional Real Estate Brokerage Recommendations

LinkedIn Recommendations:

"Ron, you knocked it out of the park selling our place in TWO DAYS! Your wisdom on staging and strategy and pricing were invaluable and were absolutely what made it all happen, and in this market. You were fantastic and so attentive to detail through the whole post-offer process leading up to close. We were braced for this to be a long, arduous, and disappointing process, and because of you that couldn't have been further from the truth. You are the best -- THANK YOU!!

“Ron is a great negotiator; and extremely creative in finding ways to get the deal done. I recommend him to anyone wishing to buy or sell real estate.”

"I've had the opportunity to with Ron as well as recommend Ron to some of our clients for their real estate needs. I highly recommend Ron for his integrity, genuine concern for his clients and most importantly - great results!"

Top Qualities: Personable, Expert Negotiator, Creative

“I refered a client to Ron who needed to purchase a live/work condo. -Ron listened to the client's needs. -Found options for them to tour -Used a creative approach to help the deal close. Ron's hand's on, client oriented style was much appreciated by the client and myself.”

“Ron helped me buy and sell two homes in Chicago and I don't think we could have done it without him. His attention to detail, knowledge of the real estate market and industry and creative advice to get the best deal are second-to-none. I would recommend Ron to anyone looking for a real estate agent who will be honest with you and tell you all the detailed facts in order to make an educated buying or selling decision.”

Top qualities: Personable , Expert , High Integrity

“When it comes to buying or selling real estate I believe it will save time and money by enlisting the full services of a competent agent. I can personally recommend Ron Goldstein. Ron is experienced, very good at marketing, and knows how to utilize the best available resources to get the job done.”

“I have worked on a number of real estate transactions with Ron and have always found him to be very professional, prompt, and knowledgeable.”

“Ron is a true professional. He is a very dedicated and determined business man. His service to his clients is exceptional. He gives 110% of himself to every transaction. Ron is a self-motivator, self-efficient, reliable agent. Ron's professionalism starts with his image and ends with his work.”

Top qualities: Great Results, Personable, Expert

“If you want to work with a true professional and with someone who knows the real-estate market then I would highly recommend Ron. I purchased my house last summer and he was able to negotiate a better deal than I had expected.”

“Ron is a detail oriented Broker. He has been diligent and as active and complete a Senior Real Estate Broker as I have every known or worked with when the need eas for me, personally.

“Ron's knowledge of the real estate industry is both broad and deep, and he continuously seeks to build on this with additional training and education. His energy and creativity have contributed to his success and make him the perfect choice for anyone looking to buy or sell in today's market. I'd recommend him without hesitation!”

"I have worked for Ron's clients on several occasions inspecting their homes or condos. I have found him to be very knowlegable and always well informed about the process and the properties he is working on with his clients. He has been very responsive to my inquiries about aspects of the properties when I posed questions.
Our relationship is totally professional and has been ongoing since we met years ago while doing an inspection for a client of his who had hired me. Since then Ron has hired me to inspect properties he purchased as well as has recomended me to his clients.
He also has a good sense of humor, that makes a difference."

Thursday, June 6, 2013

Investor alert..Major price adj. on 27 unit multifamily. 9.4 cap based on actual #s. Carpe diem.. Better than the stock mkt!

2 comments:

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