Both portfolios are provided as a package deal for easier management. Quick closing is a must. All title work is done. as well as insurance binders and tax certificates too. We can sign over the pre-deeds today.
Title commitments are in place and need to be updated, This will take a day, maybe two. But if you have all cash, Title365 will work over the weekend to close it. The additional cost at close will be the surveys, which are $320.00 each. There are no defects with the properties. There have been no insurance claims on the properties. Currently 69 of the 84 are rented (Dallas) and 22 out of 23 rented in Houston or 95+% total occupancy. Overall CAP Rate is 11%.
And note that there are 84 homes in Dallas plus 1 lot (5,000SF ) at 10220 Pondwood Dr included – ready to build with concrete slab.
Also tell buyer that $172,000 approx. will be credited buyer which will cover closing costs too (this is deposits, taxes and pre-paid rents)
Closing costs will be $54,000 for Title and $26,880 for Surveys
In place management CAN be kept if desired – contracted at $70 a door
Also 24 hour security is in place and contracted as well.
Rent roll and executive summary available once you provide your LOI and POF. EMD of $375,000 is required ASAP to move forward.
If you have a investor that need funding for this, please have them send me a executive summary of the
project and full contact information to firstname.lastname@example.org
We are capable to finance your project at a very low interest rate contact me on email@example.com
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