SINGLE-FAMILY PORTFOLIO FOR SALE 20% CASH-ON-CASH …
[Pages:21]SINGLE-FAMILY PORTFOLIO FOR SALE 20% CASH-ON-CASH RETURN!
SINGLE-FAMILY HOME PORTFOLIO FOR SALE (20% CASH-ON-CASH RETURN) SELLER FINANCING!
SINGLE FAMILY HOME PORTFOLIO (SELLER FINANCING AVAILABLE)!, SAINT PETERSBURG, FL 33760
CONFIDENTIAL OFFERING MEMORANDUM ? NOVEMBER 01, 2019
David Rosenthal
Kari L. Grimaldi/ Broker
813.882.0884
813.882.0884
david@ kari@
Grimaldi Commercial Realty Corp ? 115 W Bearss Ave ? Tampa, FL 33613 ? 813.882.0884
SINGLE-FAMILY HOME PORTFOLIO FOR SALE (20% CASH-ON-CASH RETURN) SELLER FINANCING! SINGLE FAMILY HOME PORTFOLIO (SELLER FINANCING AVAILABLE)!, SAINT PETERSBURG, FL 33760
TABLE OF CONTENTS
CONTENTS
PROPERTY INFORMATION
3
FINANCIAL ANALYSIS
8
LOCATION INFORMATION
15
ADVISOR BIOS
19
presented by:
David Rosenthal Associate
O: 813.882.0884 C: 813.245.7333 E: david@
Kari L. Grimaldi/ Broker
President/ Broker O: 813.882.0884 C: 813.376.3386 E: kari@
CONFIDENTIALITY & DISCLAIMER
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Grimaldi Commercial Realty and it should not be made available to any other person or entity without the written consent of Grimaldi Commercial Realty.
By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence.
The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Grimaldi Commercial Realty.
This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation.
Grimaldi Commercial Realty has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property.
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Grimaldi Commercial Realty has not verified, and will not verify, any of the information contained herein, nor has Grimaldi Commercial Realty conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.
All potential buyers must take appropriate measures to verify all of the information set forth herein.
Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
SINGLE-FAMILY PORTFOLIO FOR SALE PROPERTY FOR SALE
Grimaldi Commercial Realty Corp ? 115 W Bearss Ave ? Tampa, FL 33613 ? 813.882.0884
2
PROPERTY INFORMATION
SINGLE-FAMILY HOME PORTFOLIO FOR SALE (20% CASH-ON-CASH RETURN) SELLER FINANCING! SINGLE FAMILY HOME PORTFOLIO (SELLER FINANCING AVAILABLE)!, SAINT PETERSBURG, FL 33760
EXECUTIVE SUMMARY
OFFERING SUMMARY Sale Price: Number Of Units: Cash-on-Cash Return Cap Rate Year Built: Building Size: Renovated: Zoning:
$990,000 6
20% 8%
1950 12,934 SF
2019 MF
PROPERTY OVERVIEW
THE ST. PETERSBURG PORTFOLIO CONSISTS OF 6 GORGEOUS SINGLEFAMILY HOMES, LOCATED IN AMAZING LOCATIONS ACROSS ST. PETERSBURG AND CLEARWATER FL. THESE IMMACULATE HOMES ARE ALL RECENTLY REDONE, AND IN FANTASTIC CONDITION. EACH HOME IS OVER 980 S/F WITH AT LEAST 3 BEDROOMS! THIS PORTFOLIO IS 100% OCCUPIED ON YEARLY LEASES AT BELOW MARKET RENTAL RATES, MAKING THIS A FANTASTIC INVESTMENT OPPORTUNITY. SELLER FINANCING IS AVAILABLE AT 25% DOWN, GIVING THE BUYER THE ABILITY TO OBTAIN A CASH-ON-CASH RETURN OF OVER 20%!
THE ST. PETERSBURG PORTFOLIO IS AN AMAZING OPPORTUNITY FOR AN INVESTOR TO ACQUIRE 6 INCREDIBLE SINGLE-FAMILY HOMES IN AMAZING LOCATIONS. WHILE EACH UNIT IS CURRENTLY OCCUPIED, THE RENTAL RATES AT EACH PROPERTY IS BELOW THE AVERAGE MARKET RATE IN THE AREA. THIS GIVES THE BUYER THE ABILITY TO ACQUIRE THIS PORTFOLIO WITH FANTASTIC LOCKED IN INCOME, THAT WILL ONLY RISE AS THE RENTAL RATES ARE INCREASED. UPON PURCHASING THIS AMAZING PORTFOLIO, A BUYER CAN OBTAIN A CAP RATE OF OVER 8% AND A CASH-ON-CASH RETURN OF OVER 20%. WITH THE ABILITY TO INCREASE THE EXTREMELY LOW RENTAL RATES INSTANTLY, THE PORTFOLIO CAN ECLIPSE A 9% CAP RATE AND A CASH-ON-CASH RETURN OF OVER 22% IN 2021.
SECTION 1 ? PROPERTY INFORMATION
Grimaldi Commercial Realty Corp ? 115 W Bearss Ave ? Tampa, FL 33613 ? 813.882.0884
4
SINGLE-FAMILY HOME PORTFOLIO FOR SALE (20% CASH-ON-CASH RETURN) SELLER FINANCING!
SINGLE FAMILY HOME PORTFOLIO (SELLER FINANCING AVAILABLE)!, SAINT PETERSBURG, FL 33760
SELLER FINANCING DETAILS!
PROPERTY OVERVIEW
ADDITIONALLY, MOST OF THE CURRENT IN-PLACE LEASES WILL BE COMING UP FOR RENEWAL IN THE NEXT 6 MONTHS. THIS WILL ALLOW THE BUYER TO RAISE THE RENTAL RATES INSTANTLY AND INCREASE THEIR RETURNS IN THE PROCESS. THE CONDITION OF EACH HOME ALONE CARRIES A TON OF VALUE AS THE BUYER WILL HAVE LIMITED TO NO COST FOR RENOVATIONS ON THE PROPERTY. THE SELLER HAS DONE A FANTASTIC JOB IN UPDATING AND RENOVATING THESE HOMES! THIS WILL MAKE IT VERY EASY FOR A BUYER TO MANAGE THESE UNITS FROM ANYWHERE AND OFFERS THE BUYER THE ABILITY TO SELF MANAGE THIS ASSET, DECREASING EXPENSES AND INTURN INCREASING THEIR RETURN!
Seller Financing Terms! EVEN BETTER, IS THE FACT THAT THE SELLER IS INTERESTED IN DOING SELLER FINANCING ON THIS PROPERTY. CURRENTLY, THE SELLER IS ASKING FOR (APPROX) THE FOLLOWING TERMS:
25% DOWN AT CLOSING, 3-YEAR BALLOON, 4.5% INTEREST ONLY PAYMENTS. IT'S IMPOSSIBLE TO FIND TERMS THIS GOOD ANYWHERE ELSE. WITH THE CURRENT FINANCING OFFERED, THE MONTHLY DEBT SERVICE WOULD BE AS LOW AS APPROXIMATELY $2,734! WITH THE ABILITY FOR INTEREST ONLY PAYMENTS THE MONTHLY DEBT SERVICE WILL BE UNDER ANY RATE A BANK CAN PROVIDE. THIS GIVES THE BUYER AN AMAZING CASH-ON-CASH RETURN IMMEDIATELY. WHEN THE RENTAL RATES ARE RAISED TO THE MARKET AVERAGE, THE CASH ON CASH RETURN WILL SKYROCKET!
EACH SINGLE-FAMILY HOME HAS BEEN UPDATED IN THE PAST 2 YEARS. FOR A FULL LIST OF ALL RENOVATIONS AT THE PROPERTY PLEASE SEE PAGE 11 OF THIS OFFERING MEMORANDUM!
SECTION 1 ? PROPERTY INFORMATION
Grimaldi Commercial Realty Corp ? 115 W Bearss Ave ? Tampa, FL 33613 ? 813.882.0884
5
SINGLE-FAMILY HOME PORTFOLIO FOR SALE (20% CASH-ON-CASH RETURN) SELLER FINANCING! SINGLE FAMILY HOME PORTFOLIO (SELLER FINANCING AVAILABLE)!, SAINT PETERSBURG, FL 33760
PROPERTY DESCRIPTION
LOCATION OVERVIEW
THIS INCREDIBLE SINGLE-FAMILY HOME PORTFOLIO IS LOCATED IN MULTIPLE LOCATIONS ACROSS BEAUTIFUL ST. PETERSBURG AND CLEARWATER, FL. CLOSE IN PROXIMITY TO WORLD FAMOUS CLEARWATER BEACH, THESE PROPERTIES ARE IN IDEAL LOCATIONS! THE HOMES ARE LOCATED AT THE FOLLOWING ADDRESSES: 1. 6453 Wayne St N, Saint Petersburg, FL 33702 2. 1148 Howard St, Clearwater, FL 33756 3. 4642 19th Ave S, Saint Petersburg, FL 33711 4. 5763 Crestmont St, Clearwater, FL 33760 5. 8537 Cameo Dr, New Port Richey, FL 34654 6. 3433 Richboro Dr, Holiday, FL 34691 PER THE RECENT COMPS IN THE AREAS, (P.19), IF THESE HOMES WERE LISTED INDIVIDUALLY, THEY WOULD SELL FOR OVER $1,150,000 COMBINED, EVEN FACTORING IN THE INCOME. THIS IS AN AMAZING OPPORTUNITY FOR AN INVESTOR TO ACQUIRE 6 BEAUTIFUL UNDERVALUED SINGLE-FAMILY HOMES WITH MASSIVE UPSIDE.
SECTION 1 ? PROPERTY INFORMATION
Grimaldi Commercial Realty Corp ? 115 W Bearss Ave ? Tampa, FL 33613 ? 813.882.0884
6
SINGLE-FAMILY HOME PORTFOLIO FOR SALE (20% CASH-ON-CASH RETURN) SELLER FINANCING!
SINGLE FAMILY HOME PORTFOLIO (SELLER FINANCING AVAILABLE)!, SAINT PETERSBURG, FL 33760
SALE HIGHLIGHTS ? 6 GORGEOUS, INCOME PRODUCING, SINGLE-FAMILY
HOMES FOR SALE! ? SELLER FINANCING AVAILABLE! ? SELLER FINANCING APPROXIMATE TERMS: 25%
Down, 4.5% IR FIXED, INTEREST ONLY PAYMENTS, 3-YEAR BALLOON. ? CASH-ON-CASH RETURN OF OVER 20%! ? ABILITY TO INCREASE CASH-ON-CASH RETURN TO OVER 22% BY 2021. ? 100% OCCUPIED! ? MASSIVE SINGLE-FAMILY HOMES WITH AN AVERAGE OF OVER 3.5 BEDROOMS PER HOME! ? LOW RENTAL RATES IN-PLACE, GIVING THE BUYER THE ABILITY TO INCREASE THEIR RATE OF RETURN INSTANTLY! ? PERFECT MIX OF SHORT-TERM AND LONG-TERM LEASES IN-PLACE! ? HOMES BEING SOLD AT A DISCOUNT AS A PORTFOLIO! ? ALL HOMES HAVE BEEN RECENTLY RENOVATED AND ARE IN EXCELLENT CONDITION! ? GREAT TENANTS IN-PLACE MAKING THIS PROPERTY EXTREMELY EASY TO MANAGE!
COMPLETE HIGHLIGHTS
SECTION 1 ? PROPERTY INFORMATION
Grimaldi Commercial Realty Corp ? 115 W Bearss Ave ? Tampa, FL 33613 ? 813.882.0884
7
FINANCIAL ANALYSIS
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