Been Such A Long Time?.. But I?m Back, Multi Unit Fire Sale
I have been away awhile, havn’t posted in a long time but “Baby I’m Back”. My life has been a series on song lyrics, “Been such a long time” is the opening lyrics to a song by the Ohio Players and “I’m Back” are the lyrics to a James Brown song. As I look at my life, I could use lyrics to describe every aspect of my life. Soooo, I’m back to see if there are folks out there.
Been busy though and now have a satchel of investment properties. including a large group of multi’s for sale in all areas of Philly.
It ’s been a massive job getting these deals together and will be offering 12 million dollars worth of rental units including duplexes, triplexes quad’s and bigger multi’s. I are offering two deals in West Philly now and many more to follow (obviously).
The first deal is on St Bernard St, is a duplex, less than two miles from University of Pennsylvania. This huge University City property is an instant cashflow deal.This duplex has three floors. The first floor has a two bedroom apartment currently renting under market for $550 and a huge bi-level 1 bedroom with a jacuzzi currently renting for 500. There is $4K in the rehab to make some improvements and the investor will receive all the certifications with the sale. They include roof, electrical, and HVAC certifications. The property is worth 185K, the total investment is $139K that price includes a wholesale fee of $7500 and a 4k rehab. Because we have so much inventory, this deal is discounted $46k and even with under market rents still has positive cashflow.
The second deal is a triplex on 55th St near Girard. This is a traditional deal, ARV is $190k, Repairs are 80k, the purchase price is $40k. We have everyone in place including a competent contractor (experienced contractor, used to doing big projects). This property will cashflow $510 per month and has a cash-out of $12,500 (25 months of cashflow).
We are in the process of putting together the package but since you responded to our post, you are getting first crack at these two BEFORE they go out to the larger list.
These deals will not last long, are discounted to sell fast and are first come first serve. If you have an interest in any of these two deals reply to this email to get more info. Act quickly!!!
If you have an interest in these or other deals (including larger deals), email me at Dwight@blcsi.com for information and to schedule an opportunity to actually see the deals.
Hope everybody is well and looking forward to hearing from you
Dwight
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Been Such A Long Time?.. But I?m Back, Multi Unit Fire Sale
