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Wholesale Lead - Posted on Sunday, April 24, 2005
Address of the property:
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City/State/Zip:
County:
Is The Property Currently Listed With A Realtor:
Type Of Property:
Number Of Bedrooms:
Number Of Bathrooms:
How Many Square Feet Is The Property:
Please List Any Other Features Of The Property:
5 stories plus basement class "A" structure office bldg.
The Property Is Currently:
Does The Property Need Any Repairs:
What Repairs Are Needed:
n/a
Estimated Expense of Repairs:
Estimated Value Of The Property After All Repairs(ARV):
How Did You Arrive At This Value:
Please Describe The Terms Of Sale To Other Investors:
Contract for Deed in the amount of $1,570,00<> for one year with monthly payments of $13,000 with a cash down payment of $200,000 0r, $150,000 cash plus $100,000 in real estate trade for residential property in Texas, Oklahoma or Arkansas. Investor will be taking over deal for a finders fee.
Your Asking Price:
Total Mortgage Balance:
Total Monthly Payment Amount:
Are The Monthly Payments Current:
List Any Other Liens Against The Property:
The first mortgage payment is $11,900 per month ($1,400,000 balance); the second mortgage is $1,080 per month ($30,000 balance). The Contract for Deed in the amount of $1,570,000 will include the existing 1st and 2nd mtg plus the back real estate taxes of $ 130,000. Currently, total annual P & I payments are $155,760 against an NOI of $192,033 at present occupancy of 89%.
Please Provide Us With Any Other Information You Think We Should Consider:
There are currently 46 rental spaces with 45 of them occupied. Tenant mix includes federal, state, county, city, insurance company and other businesses. There is asbestos on some of the hot water pipe insulation which is being removed under an ongoing state remediation program and does not effect the sale.
Seller's Contact Information:
Name :
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Phone :
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8877 North 107th Ave, Ste 302-237 Peoria, AZ 85345
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