UPDATED ON DECEMBER 5,2007, WE REVIEW PRICES PERIODICALLY DEPENDING ON THE MARKET CONDTIONS WITHOUT NOTICE.
Motivated/Creative/Seller Finance/Zero Down Deals
We walk you thro' real estate investing if you are a beginner in real estate investing or give practical help for out of the state investors! I conduct a brief workshop on real estate investing and give practical assistance to buy any of the properties shown below and also to locate properties for you
You need to scroll down for all the financial details for each propertyWe have quoted the appraised values and
selling price. This is applicable only if you make an offer within 1 week and complete the deal in 4-6 weeks and buy 'AS IS'. All these properties are insepcted by section VIII and are in good condition.
The final appraisal value when we send the appraiser after our purchase agreement, will depend on the then market conditions and it may be lower or higher than what we have quoted here. We will work out an unbeatable deal for you depending on how many properties & which properties you are buying, whether you want seller finance or not, if so what percentage seller finance you need & what is your credit score etc. We have excellent mortgage brokers who can analyze your situation and make recommendations. We will sell you properties BELOW APPRAISED VALUES. You make your best offer for the portfolio or any one or more property of your choice. We will compare it with other offers we receive. We will work with you to make you a happy real estate millionaire!!!
Financial Info for investors shown below with NOI. Your final ratios & numbers like 'Cash On Cash' return and CAP rate will depend on our final negotiated price and are not calculated here. Sometimes you may earn 'infinity return' also with zero down deals!
If you are a new investor we will walk you through the tricks of the trade and make you a millionaire real estate investor in 3 months!
Whether you are a owner occupant or an investor we help you with your down payment to variable extent !
Excellent commission for Realtors, contact us for further info(203 785 8354)
As land lord is due to retire he has let in good tenants who pay less rent. He will explain the buyer how he can up the rent easily after the purchase or when he signs new leases.
100% occupancy, New Haven is a rental paradise,Turn key Operation, Don't miss this opportunity. Call today 203 785 8354
- Contact Today, Don't Let Go This Life Time Opportunity: Tel:203 785 8354 E-Mail: REMillions@gmail.com
- One of the best maintained real estate portfolios in the country for sale as the landlord is retiring! It is a turn key operation. The seller knows all the tricks in the book and will help you to buy with Creative/Seller Finance/Zero Down.
- If you are new to this game the landlord enjoys helping another person to become a real estate millionaire overnight.
- We have listed here the list of properties, their currant appraised value, currant rent and achievable rent. As the landlord has been not pushy with the property managers and tenants, the rents have been very much on the lower side and you can increase the rents easily. The land lord will explain how to increase the rent to the serious buyers.
- We expect you to drive past and make an offer. we arrange viewing only for serious buyers.
- The seller is prepared to discuss and co-operate for Creative Finance/Seller Finance/Zero Down deals. It is not always possible to work out zero down deals.
- You can buy the whole portfolio or selected group of properties or just one property. The deal will depend on the number of properties you want to buy, which properties you want to buy and whether you want seller/creative finance.
- Owner occupants can buy property of their choice and buy the property along with the tenant and move in later if they want, or maintain as a rental property. The landlord will provide full guidance to buy and also to deal with the property and tenant after they buy.
Multifamilies:
1] 80-82 Thompson Street, New Haven CT 06511
No of units: legal 4 family (5BR+3BR+3BR+2BR)
Appraised value: 425K Sales Price: 375K
Current rent: 875+875+1150+1300= 4200/mo Gross Annual Rent: 50400
Achievable rent: 1000+1150+1150+1500=4800/mo (note section VIII approved rent for 3BR is 1150, Rent it to section VIII tenants and convert the 2 BR unit to 3 BR. This conversion costs only 2000 dollars)
Gross Achievable Annual rent: 57600
Investment potential: Very easy to convert 2BR unit into 3 BR unit and aslo add two units in the basement(costs around 20 K)) and two units as third floor (costs around 50K)
Common area charges per annum: 120
Yard maintenance per annum: 200
Water & sewer per annum: 800
Utilities per annum: Tenants pay all utitlities and land lord fills oil tank. Costs about 2300 per annum to fill oil tank during the year and this helps to charge high rent lot more than money spent. Most efficient heat conserving system.
Tax per annum: 4667
Insurance per annum: 2060
Average repair and maintenance per annum: 1500
Management fees per annum: 1440. This cost can be decreased by appointing a full time manager for the whole portfolio
NOI based on achievable rent: 57600-13087= 44513
NOI based on existing rent:50400-13087= 37313
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2] 70-72 St Mary’s Street, Hamden, CT 06517
No of units: legal 3 family (4BR+2BR=1BR)+double garage+storage room+fenced back yard
Appraised value: 300K , sales price: 265K
Current rent: 1250+700+650=2600/mo Annual rent: 31200
Achievable rent: 1400+800+700=2900/mo Rents can be increased par with local rents when you sign new leases
Achievable Annual rent: 34800
Investment potential: This is an excellent 3 family in a very good upcoming neighbourhood
Common area charges per annum: 80
Yard maintenance per annum: 150
Water & sewer per annum: 553
Utilities per annum: tenants pay all the utilities
Tax per annum: 3115
Insurance per annum: 1500
Average repair and maintenance per annum: 998
Management fees per annum: 1080 This cost can be decreased by appointing a full time manager for the whole portfolio
NOI based on achievable rent: 34800-7776= 27024
NOI based on existing rent : 31200-7776=23424
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3] 4 Button Street, New Haven, CT 06519
No of units: legal 3 family (2 BR+2BR+3BR+double garage)
Appraised value: 285K, sales price 265K
Current rent: 875+1500(2 units used by one tenant)=2375/mo , 28500/yr
Achievable rent: 950+1600=2550, Achievabel annual rent: 30600
Investment potential: excellent cash cow
Common area charges per annum: 102
Yard maintenance per annum: 150
Water & sewer per annum: 900
Utilities per annum: all paid by tenants
Tax per annum: 3315
Insurance per annum: 1767
Average repair and maintenance per annum: 900
Management fees per annum: 1080 This cost can be decreased by appointing a full time manager for the whole portfolio
NOI based on achievable rent: 34800-8214=26586
NOI based on current rent: 28500-8214= 20286
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4] 17-19 Victory Drive, New Haven, Westville, CT 06515
No of units: Legal 2 family(2BR+2BR), both units used by one family, fenced front and back yard
Appraised value: 185K sales price 169K
Current rent: 1500/mo Annual: 18000/annum
Achievable rent: 1600/mo Annual : 19200/annum, you can rent two units separately
Investment potential: excellent location and investment
Common area charges per annum: tenant
Yard maintenance per annum: tenant
Water & sewer per annum: tenant
Utilities per annum: all paid by tenant
Tax per annum: 2548
Insurance per annum: 1729
Average repair and maintenance per annum: 500
Management fees per annum: 480 This cost can be decreased by appointing a full time manager for the whole portfolio
NOI based on achievabel rent : 13943
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5] 227 Starr Street, New Haven, CT 06511
No of units: Legal two family but used by one tenant as 6BR, 2 baths
Appraised value: 185K sales price 169K
Current rent: 1400/mo 16800/yr
Achievable rent: 1700/mo 20400/annum [section VIII rent for six BR is 1700)
Investment potential: Excellent cash flow property
Common area charges per annum: tenant
Yard maintenance per annum: tenant
Water & sewer per annum:tenant
Utilities per annum: tenant
Tax per annum: 2131
Insurance per annum: 1100
Average repair and maintenance per annum: 500
Management fees per annum: 480/annum This cost can be decreased by appointing a full time manager for the whole portfolio
Net operating income based on achievable rent: 16189
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6] 93-95 Lilac Street, New Haven, CT 06511
No of units: legal 2 family, used by one tenant as 5/6 BR with 2 Baths
Appraised value: 185K, sales price 159K
Current rent: 1400/mo 16800/yr
Achievable rent: 1600/mo 19200/yr
Investment potential: excellent cash flow property
Common area charges per annum: tenant
Yard maintenance per annum: tenant
Water & sewer per annum: tenant
Utilities per annum: tenant
Tax per annum:2312
Insurance per annum: 1100
Average repair and maintenance per annum: 500 per annum
Management fees per annum: 480/yr This cost can be decreased by appointing a full time manager for the whole portfolio
Net Operating Income based on achievable rent: 19200-3912=15288
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Single Families:
7] 16 Adeline Street, New Haven, CT 06519
No of units: It used to be two family but now both units are converted into one large legal single family with 6BR and two Baths, double garage and fenced yard.
Appraised value: 185K , sales price 169K
Current rent: 1400/mo 16800/yr
Achievable rent: 1700/mo 20400/yr
Investment potential: Excellent cash flow investment
Common area charges per annum: tenant
Yard maintenance per annum:tenant
Water & sewer per annum: tenant
Utilities per annum: tenant
Tax per annum: 2313
Insurance per annum:2154
Average repair and maintenance per annum: 500
Management fees per annum: 480/annum This cost can be decreased by appointing a full time manager for the whole portfolio
NOI based on achievabel rent: 20400- 5447=14953
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8] 300 West Elm Street, West Ville, New Haven, CT 06515
No of units: single family, 5 BR, 2 Baths, Large backyard for parking or home business
Appraised value: 350 (including the separate lot behind), sales price: 285K
Current rent: 1500/mo 18000/yr
Achievable rent: 2500/mo 30,000/yr Previous tenant paid 2100/mo, You can run a home business , can rent to 5 students or executives for 2500/mo. Close to Southern Connecticut University & Yale.
Investment potential: The buyer will get the separate lot behind the property which enables him to build an extension (in-law). In this neighbourhood most of the properties are around 500000 and many Yale doctors and Faculties live here.
Common area charges per annum: tenant
Yard maintenance per annum: tenant
Water & sewer per annum: tenant
Utilities per annum:tenant
Tax per annum: 4223
Insurance per annum: 1230
Average repair and maintenance per annum: 600
Management fees per annum: 480 This cost can be decreased by appointing a full time manager for the whole portfolio
NOI based on achievabel rent: 23467
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9] 197 Starr Street, New Haven, CT 06511
No of units: single family, 3BR, 2 Baths, fenced yard
Appraised value: 135K , sales price 120K
Current rent: 1100/mo 13200/yr
Achievable rent: 1250/mo 15000
Investment potential: excellent family home, easy to rent
Common area charges per annum: zero
Yard maintenance per annum: zero
Water & sewer per annum: zero
Utilities per annum: zero
Tax per annum: 1540
Insurance per annum: 1305
Average repair and maintenance per annum: 400
Management fees per annum: 480/yr This cost can be decreased by appointing a full time manager for the whole portfolio
NOI based on achievabel rent: 15000-3725=11275
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10] 39 Stevans Street, New Haven, CT 06519
No of units: single family 5BR, 2Baths, double garage, fenced yard
Appraised value: 165K , sales price 149K
Current rent: 1400, 16800/yr
Achievable rent: 1600 19200/yr
Investment potential: excellent cash flow
Common area charges per annum: tenant
Yard maintenance per annum: tenant
Water & sewer per annum: tenant
Utilities per annum: tenant
Tax per annum: 2379
Insurance per annum:849
Average repair and maintenance per annum: 400
Management fees per annum: 480 This cost can be decreased by appointing a full time manager for the whole portfolio
NOI based on achievable rent: 19200-4108=15092
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11] 9 Garden Street, New Haven, CT 06511
No of units: used to be two family in the past and it is converted into one large legal single family with 6 BR+1 nursery room+ 2Baths, Fenced yard
Appraised value: 185K, sales price 169K
Current rent: 1450/mo, 17400/yr
Achievable rent: 1700, 20400/yr
Investment potential: Excellent cash flow
Common area charges per annum: tenant
Yard maintenance per annum: tenant
Water & sewer per annum: Tenant
Utilities per annum: Tenant
Tax per annum: 2698
Insurance per annum:1103
Average repair and maintenance per annum: 498
Management fees per annum: 480/yr This cost can be decreased by appointing a full time manager for the whole portfolio
NOI based on achievable rent: 15621
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12] 283 Tuthill Street, West Haven, CT 06516
No of units: Single Family, 5BR, 2 Baths, single garage, fenced yard
Appraised value: 250K sales price 225 k
Current rent: 1500/mo , 18000/yr
Achievable rent: 1600/mo 19200/yr
Investment potential: Excellent location, cul-de-sac property, very easy to rent
Common area charges per annum: tenant
Yard maintenance per annum: tenant
Water: zero (bore well)
Utilities per annum: tenant
Tax per annum: 3661
Insurance per annum: 1200
Average repair and maintenance per annum: 450 This cost can be decreased by appointing a full time manager for the whole portfolio
Management fees per annum: 480
NOI based on achievable rent: 19200-6271=12929
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13] 92 Hoffman Street, West Haven, CT 06515
No of units: single family, 3BR, 1Bath, Deck
Appraised value: 195K , sales price 185K
Current rent:1200/mo 14400/yr
Achievable rent: 1500/mo 18000/yr
Investment potential: excellent family home
Common area charges per annum: tenant
Yard maintenance per annum: tenant
Water : tenant, Sewer: Septic tank
Utilities per annum: tenant
Tax per annum: 3070
Insurance per annum: 1200
Average repair and maintenance per annum: 350/yr
Management fees per annum: 480/yr This cost can be decreased by appointing a full time manager for the whole portfolio
NOI based on achievable rent: 18000-5100= 12900
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14] 26 Mona Av, Branford, CT 06405
No of units: single family 4BR, 2 Baths
Appraised value: 275, sales price 245K
Current rent:1500/yr, 18000/yr
Achievable rent: 2000/Mo 24000/yr
Investment potential: excellent equity growth property, can be rented to 4 executives/graduate tsudents. Upscale neighbourhood
Common area charges per annum: tenant
Yard maintenance per annum:tenant
Water & sewer per annum:tenant
Utilities per annum:tenant
Tax per annum: 3120
Insurance per annum: 1500
Average repair and maintenance per annum: 398
Management fees per annum: 480 This cost can be decreased by appointing a full time manager for the whole portfolio
NOI based on achievabel rent: 24000-5498=18502
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15] 5 Prospect Place, Middletown, CT 06457
No of units: single family, 5BR, 2Baths, fenced yard
Appraised value: 195k, Sales price 165K
Current rent: 1550/mo, 18600/yr
Achievable rent: 2500/mo by renting to 5 students, Close to Weslyan University, 30,000/yr
Investment potential: There are many half a million dollar homes around, upscale neighbourhood.
Common area charges per annum: tenant
Yard maintenance per annum: tenant
Water & sewer per annum: tenant
Utilities per annum:tenant
Tax per annum: 2168
Insurance per annum: 1247
Average repair and maintenance per annum: 438
Management fees per annum: 480/yr This cost can be decreased by appointing a full time manager for the whole portfolio
NOI based on achievable rent: 25187
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Condos
16] 425 Blake Street, West Ville, New Haven, CT 06515
No of units: Condo, 3BR, 2 Bath, 1 parking lot allocated, common visitor’s parking place,, front porch and deck
Appraised value: 199k sales price 180K
Current rent: 1250, 15000/yr
Achievable rent: 2000/mo, 24000/yr, Southern connecticut is at walking distance to this condo. This can be rented to 4 stduents for 2000/mo. This is also near Bus services to yale and can be rented to medical students or residents
Investment potential: 3 BR condo, another bed room can be added by spending just $1000 for partioning the lounge
Association fees: 295/mo, 3540/yr
Common area charges per annum: association
Yard maintenance per annum: association
Water & sewer per annum: association
Utilities per annum: tenant
Tax per annum: 2500
Insurance per annum: association
Average repair and maintenance per annum: 100
Management fees per annum: 480 This cost can be decreased by appointing a full time manager for the whole portfolio
NOI based on achievable rent: 17380
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17] 423 Balke Street, Westville, New Haven, CT 06515
No of units: 1 Condo, 3 BR, 1 Bath, 1 parking lot allocated, common visiot’s parking place
Appraised value: 175K sales price 159K
Current rent: 1100/mo,
Achievable rent: 1500/mo 18000/yr, Close to Southern connecicut and Yale Bus Route. Very easy to rent to three stduents or 3 residents from Yale for this rent.
Investment potential: Excellent upscale condo where many professional live
Association fees: 175/mo, 2100/yr
Common area charges per annum: association
Yard maintenance per annum: association
Water & sewer per annum: asoociation
Utilities per annum: tenant
Tax per annum: 1987
Insurance per annum: association
Average repair and maintenance per annum: 100
Management fees per annum: 480/yr This cost can be decreased by appointing a full time manager for the whole portfolio
NOI based on achievable rent: 13333
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