Fwd: Parkside-Fort Worth Texas

[Cilen...@aol.com]

 

 

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From: lordsandj...@juno.com
To: cilen...@aol.com
Sent: 8/28/2009 8:00:11 P.M. Eastern Daylight Time
Subj: Parkside-Fort Worth Texas

 

LORD'S & JP I N V E S T O R S,  L L C

We invest in others because He invested in us... Anthony, This is in Fort Worth Texas and it is $4.2M.  I don't know if your buyer would be interest.        Parkside - Fort Worth, Texas Highlights: 1.)    Solid Class B Complex - Built in 1970's. 2.)    Extensive Renovation (including Roof) by Bank Owner in 2009 significantly improving effective age 3.)    Fort Worth Texas - Top 10 'Safest Cities'; Texas has continued to do well in this economic environment. 4.)    Seller is GUARANTEEING the first 6 months gross revenue at 90% occupancy level.  This should allow a POSITIVE CASH FLOW soon out of the box. 5.)    Projected Annual Internal Rate of Return in excess of 25%. 6.)    Occupancy currently is passing 60% - up from 40% in December 2008 as renovations have been completed. 7.)    Acquisition Price - $24.7K K per Unit ($4.2 M for 170 Units). 8.)    Proforma Selling Price - $32 K per unit. 9.)    Bank Owner / Seller is proposing 80% financing. 10.)   Very good value added play with a significant amount of the lease up risk being absorbed by the Seller.

Call or email me to set up a viewing or to learn more about this listing. Sincerely,   Joseph Alesnik   Cell 813-785-9443   Lord's & JP Investors, LLC

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