I very rarely send out properties to my potential partners without knowing their exact criteria and having a target property profile in place.
However... An exceptionally well performing property is just becoming available. A property that in my mind will be an invaluable asset to your portfolio.
Without any hype or baloney you can enter into this profitable 6 unit building if you move quickly. The contract that I have on it ends 2/18/11 and then it will be listed publicly.
Tap into your equity, use your LOC or cash.
This is a 100% Turn-Key investment.
Property Details:
- 1971 Built 6 suiter.
- 6 kitchens, 6 bathrooms, 6 private entrances, 4 laundries en-suite, 2 shared (communal) laundry areas
- Shows a 10/10
- Recent upgrades (roof and interior)
- Good area in Central North East Edmonton neighborhood across from greenbelt. 3 minutes from the Yellowhead highway
- Fully tenanted
- $25K UNDER MARKET VALUE
5 Year Estimated Profits Based on 3% Appreciation:
- Your approximate 5 year pre-tax return is $94,554.00
- 77% ROI on Your Money: 15% Per Annum
- Monthly net cashflow is $1294.00
(Profits are calculated AFTER your initial capital has been returned)
Requirements:
- Partner must be able to qualify for $400K mortgage (this can be arranged)
- $122.3K Initial investment (includes downpayment, reserve fund, legal and repair)
- Approximate 5 year term
Actions Required:
- Call 1-888-780-5940 to speak directly with Todd regarding JVP structure to proceed
- Email info@glennsimoninc.com with your contact details and best time to call
- Full detailed pro-forma with pictures will be supplied
If you have a friend or colleague that you think can benefit from this investment, I welcome your personal introductions.
Thank you,
Todd Millar-
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