Investment Properties
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39 Unit Apartment Building - East Cleveland, OH
Building Type: Residential Apartment Building (39 units)
Status: Under contract
Current Occupancy: 48%
Purchase Price: $350,000
Scheduled Closing Date: June 2013
Estimated Rehab Costs: $100,000
Estimated CAP rate: 18
Estimated NOI: $88,000
Status: Under contract
Current Occupancy: 48%
Purchase Price: $350,000
Scheduled Closing Date: June 2013
Estimated Rehab Costs: $100,000
Estimated CAP rate: 18
Estimated NOI: $88,000
38 Unit Apartment Building - Cleveland, OH
Building Type: Residential Apartment Building (38 units)
Status: Under contract
Current Occupancy: 95%
Purchase Price: $375,000
Scheduled Closing Date: May 2013
Estimated Rehab Costs: $100,000
Estimated CAP rate: 31
Estimated NOI: $130,000
Status: Under contract
Current Occupancy: 95%
Purchase Price: $375,000
Scheduled Closing Date: May 2013
Estimated Rehab Costs: $100,000
Estimated CAP rate: 31
Estimated NOI: $130,000
44 Unit Apartment Building - Cleveland, OH
Building Type: Residential Apartment Building (3 buildings - 44 units)
Status: Purchased - undergoing rehab
Current Occupancy: 60%
Purchase Price: $565,000
Purchase Date: August 2012
Estimated Rehab Costs: $180,000
Estimated CAP rate: 22
Estimated NOI: $160,000
Status: Purchased - undergoing rehab
Current Occupancy: 60%
Purchase Price: $565,000
Purchase Date: August 2012
Estimated Rehab Costs: $180,000
Estimated CAP rate: 22
Estimated NOI: $160,000
18 Unit Apartment Building - East Cleveland, OH
Building Type: Residential Apartment Building (18 units)
Status: Purchased - undergoing rehab
Current Occupancy: 40%
Purchase Price: $175,000
Purchase Date: June 2012
Estimated Rehab Costs: $40,000
Estimated CAP rate: 16
Estimated NOI: $35,000
Status: Purchased - undergoing rehab
Current Occupancy: 40%
Purchase Price: $175,000
Purchase Date: June 2012
Estimated Rehab Costs: $40,000
Estimated CAP rate: 16
Estimated NOI: $35,000
24 Unit Apartment Building - East Cleveland, OH
Building Type: Residential Apartment Building (24 units)
Status: Purchased - undergoing rehab
Current Occupancy: 58%
Purchase Price: $140,000
Purchase Date: Feb 1, 2012
Estimated Rehab Costs: $75,000
Estimated CAP rate: 30
Estimated NOI: $65,000
Status: Purchased - undergoing rehab
Current Occupancy: 58%
Purchase Price: $140,000
Purchase Date: Feb 1, 2012
Estimated Rehab Costs: $75,000
Estimated CAP rate: 30
Estimated NOI: $65,000
44 Unit Apartment Complex - East Cleveland, OH
Building Type: Residential Apartment Building (3 buildings, 44 units)
Status: Preparing for rehab and now for sale
Purchase Price: $150,000
Purchase Date: Nov 17, 2011
Estimated Rehab Costs: $450,000
Estimated CAP rate: 25
Status: Preparing for rehab and now for sale
Purchase Price: $150,000
Purchase Date: Nov 17, 2011
Estimated Rehab Costs: $450,000
Estimated CAP rate: 25
155 South Court, Orlando, FL
Building Type: Luxury Apartment (1 bed / 1 bath)
Status: Sold
Purchase Price: $101,000
Purchase Date: Sept 29, 2011
Sell Price: $122,500
Sell Date: Nov 25, 2011
Status: Sold
Purchase Price: $101,000
Purchase Date: Sept 29, 2011
Sell Price: $122,500
Sell Date: Nov 25, 2011
Woodfield Oaks, FL
Building Type: Single Family (3 bed / 2 bath)
Status: Sold
Purchase Price: $60,000
Purchase Date: June 19, 2011
Rehab Costs: $22,000
Sell Price: $110,000
Sell Date: Sep 27, 2011
Status: Sold
Purchase Price: $60,000
Purchase Date: June 19, 2011
Rehab Costs: $22,000
Sell Price: $110,000
Sell Date: Sep 27, 2011
Melanie Lane, FL
Building type: Condo (2 bed / 2 bath)
Status: Sold
Purchase Price: $31000
Purchase Date: May 25, 2011
Rehab Costs: $5,000
Sell Price: $47,500
Sell Date: Dec 7, 2011
Status: Sold
Purchase Price: $31000
Purchase Date: May 25, 2011
Rehab Costs: $5,000
Sell Price: $47,500
Sell Date: Dec 7, 2011
