Gross Income: $1,031,604
Expenses: 23% Occupancy
Net Income: $1,031,604
Cap Rate: Development
Occupancy: Conversion Subtype
Permits in hand, equity and cash flow play. 105% Cash On Cash
Potential (Yearly) Limited Partnership. I am the developer and
general partner to the deal. Next to 500+ low income housing
apartment complex. No Units within "7" Miles, we will fill
quickly.
The partnership or land trusts main objective is to
redevelop the property into an income producing self storage and
truck and rental car business from its current small business
owner tenants. The company will require $900,000 in starting
investment capital to complete the required multi phase
development and conversion plan.
This deal will also require
$900,000 in financing capital and $100,000 in reserve capital to
carry the project until occupancy levels are reached to allow
positive cash flow around 23% within 3-12 months, triple equity
return with huge cash flow, the reason we want to put 50% down
is to be able a better return, greater equity and rent-up. I
have large assets to secure against your equity for helping out
also.
The real estate, securities, bond, stock markets have all
went down nationwide 15-40%. Storages thrive on economic
downturns. I also have deals in AZ, WA, OR, CA, NV all over 50% cash
on cash per year. Detailed 160 business plans will explain the
rest on how we will build 30 facilities in five states in the
next 5 years.
Development $1,000,000.00 Property Cost
$800,000.00 Total Purchase $1,800,000.00 Reserve $100,000.00
Total $1,900,000.00 Units TYPE ONE UNIT MONTHLY YEARLY 218 (10 X
10) $137.00 $21,235.00 $254,820.00 155 (10 X 20) $274.00
$59,732.00 $716,784.00 (373) MONTHLY YEARLY 100% $85,967.00
$1,031,604.00 We expect a healthy 60-92% average.
Experience
equals results in the storage industry. We have over 20 income
streams for the facilities. GREAT for 1031!!
Take advantage of the market!! Needed $1,000,000.00
