- Joined
- Sep 18, 2007
- Messages
- 28
The deal:
An established investor who is currently seeking a 50/50 JV partnership for an exceptional deal in Guelph, ON.
Investor currently has a portfolio of properties in this specific location and has done conversions into legal duplexes.
This specific property was listed at $223,000 and is BELOW market value by approximately $15,000.
It has the potential to be converted into two, 3 bedroom apartments with projected $27,930 gross revenue, which takes into account a 5% vacancy.
Projected net operating income is $18,263 p.a.
Projected P+I payment is $12,400 p.a.
Requirement:
Investor requires a JV partner to provide approx. $84,500.
This includes $57,500 for 25% down payment, as well as $27,000 for closing and renovation costs for the conversion into a legal duplex.
Benefits:
*Experienced investor who specializes in the area
*Close proximity to KWC, REIN`s #1 town to invest in Ontario
*Cash flow of approx. $500 per month
*Cash on cash return of approx. 7%
*Low vacancy and database of qualified tenants
More details attached.
If you are interested and feel qualified to participate in this deal, or would like more detailed information, please feel free to contact 519.993.3416 or e-mail [email protected].
An established investor who is currently seeking a 50/50 JV partnership for an exceptional deal in Guelph, ON.
Investor currently has a portfolio of properties in this specific location and has done conversions into legal duplexes.
This specific property was listed at $223,000 and is BELOW market value by approximately $15,000.
It has the potential to be converted into two, 3 bedroom apartments with projected $27,930 gross revenue, which takes into account a 5% vacancy.
Projected net operating income is $18,263 p.a.
Projected P+I payment is $12,400 p.a.
Requirement:
Investor requires a JV partner to provide approx. $84,500.
This includes $57,500 for 25% down payment, as well as $27,000 for closing and renovation costs for the conversion into a legal duplex.
Benefits:
*Experienced investor who specializes in the area
*Close proximity to KWC, REIN`s #1 town to invest in Ontario
*Cash flow of approx. $500 per month
*Cash on cash return of approx. 7%
*Low vacancy and database of qualified tenants
More details attached.
If you are interested and feel qualified to participate in this deal, or would like more detailed information, please feel free to contact 519.993.3416 or e-mail [email protected].