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Main Category: IL Illinois > Bulk
  70 Chicago Homes -- CAP RATE of 8.52%. WE ARE DIRECT TO SELLER. Item ID: 100293  
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70 Chicago Homes -- CAP RATE of 8.52%.  WE ARE DIRECT TO SELLER.

for USD 9,495,500.00
[ Convert ]
Price USD 9,495,500.00
Quantity 1
Listed On Dec. 02, 2015 11:15:23
Duration Unlimited
Status Open
Poster Information
SamA38671 (0) GMSG_VERIFIED_SELLER
Registered since Jul. 16, 2013
in United States
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Description

70 Chicago homes

Here is a tape of 70 Residential homes in Chicago. We are direct to seller

Total portfolio is $9,495,500 with a CAP of 8.52%.


File#: 10002 - 70 Homes in Chicago.

Forty that are cash-flowing and occupied and thirty that are underway to be ready in January. I have attached two tapes. The 1st Tranche is ready to close with all homes occupied and cash-flowing whereas the 2nd Tranche is under construction and has a close-ready date of January. These prices are indicative of our 1 year rental guarantee (so the price you see under rent is guaranteed for 12 months from the date of close) as well as our maintenance guarantee (any maintenance regardless of fault will be covered 100% by seller for 12 months from the date of close). Here is a breakdown:

  • 1st Tranche
    • 40 homes
    • Purchase Price: $5,775,500 (all homes will appraise out for this value)
    • AVG CAP: 8.25%
    • Monthly NET cash-flow: $39,329.58
    • Close: ASAP
  • 2nd Tranche
    • 30 homes
    • Purchase Price: $4,430,000 (all homes will appraise out for this value)
    • AVG CAP: 9.25%
    • Monthly NET cash-flow: $33,650.84

Overall, this is a fantastic package that will get whomever you know well diversified within Chicagoland but more importantly, you will be working the nationís longest tenured turnkey operator. This is what the package looks like as a whole:

  • 70 homes
  • Purchase Price: $10,205,500
  • AVG CAP: 8.75%
  • Monthly NET cash-flow: $72,980.42

Please let me know when you are available to go over these packages. Seller is a fully vertically operated organization so there is no need to involve sales agents, property managers, leasing agents, etc.

They do everything in-house at cost on your behalf.

WE ARE DIRECT TO SELLER.

Sam Arthur

sam@wholesalereoproperties.com

TEL: 901-473-9364

FAX: 901-531-8137

CNF: 712-432-0111 PIN: 1044471#

Come On, Let's get Real (Estate)!

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70 Chicago Homes -- CAP RATE of 8.52%.  WE ARE DIRECT TO SELLER.
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The poster, SamA38671, assumes all responsibility for the contents of this listing

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