LEVEL 9 REALTY,LLC 1615 Forum Place, Suite 3A. West Palm Beach, Florida 33401 +1848-219-4941 F +1561-683-1559 hmurcia@level9realty.com www.level9realty.com
ID Murcia-0518. About LEVEL 9 REALTY,LLC LEVEL 9 REALTY, LLC was established through collaboration of Broker Cecelia Cosgrove and Attorney Richard Zaretsky several years ago and has been established in West Palm Beach, Florida. Our mission is to work closely with our Commercial, Industrial, and Residential buyers and sellers. We also provide property management during and after the transactions are met. LEVEL 9 REALTY, LLC is the exclusive Broker for LATAM Projects, Inc, owners of the World Trade Center License and project for Barranquilla, Colombia. LEVEL 9 REALTY, LLC is one of the most prestigious Boutique style Real Estate Offices in the Country. +1848-219-4941 +1561-683-1559 hmurcia@level9realty.com
Parkside Villas. Shelby, NC 96 Apartment Complex. 9 acres 10% CAP
96 APARTMENTS 10. 6 Buildings with 16 apartments per building 80 Renovated units ( 100% RENEOVATED) 16 Units under renovation Laundry Facilities-9 Washers and 12 Dryers Rental Office 92 % occupancy- Charlotte area cliental Maintenance Shop on site Acres : 9 Sale Price $ 4,700,000.00 Gross Income $ 715,200.00 Operating Expenses $ 249,146.00 NOI $ 466,054.00 CAP RATE % 10. 96 APARTMENTS
Non - Endorsement And Disclaimer Notice Confidentiality and Disclaimer The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from LEVEL 9 REALTY,LLC and should not be made available to any other person or entity without the written consent of LEVEL 9 REALTY,LLC. This Marketing Brochure has been prepared to provide summary, unverified 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. LEVEL 9 REALTY,LLC 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 or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the 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 Marketing Brochure has been obtained from sources we believe to be reliable; however, LEVEL 9 REALTY,LLC has not verified, and will not verify, any of the information contained herein, nor has LEVEL 9 REALTY,LLC 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. LEVEL 9 REALTY,LLC is a full service Real Estate Company working on behalf of either an investor or seller. Non-Endorsement Notice LEVEL 9 REALTY,LLC is not affiliated with, sponsored by, or endorsed by any commercial, industrial, Residential, tenant or lessee identified, in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of LEVEL 9 REALTY,LLC, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of LEVEL 9 REALTY,LLC, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. All property showings are by appointment with registered clients only. Please register your client with our office before showing this property Purchaser must cooperate with 2% commission fee of the sales price. Please consult your LEVEL 9 REALTY,LLC agent for more details. ID Murcia-0518. +1848-219-4941 +1561-683-1559 hmurcia@level9realty.com
Current Rent and misc. Income per month. Market rent rates PARKSIDE VILLAS. INCOME Number of units Bedrooms Baths Current Rent and misc. Income per month. Market rent rates Current yearly income 2018 Projected 2019 20 1 $ 500.00 $ 575.00 $ 10,000.00 $ 11,500.00 56 2 1.5 $ 600.00 $ 680.00 $ 33,600.00 $ 38,080.00 3 2.5 $ 700.00 $ 890.00 $ 14,000.00 $ 17,800.00 Laundry $ 166.00 $ 200.00 $ 2,000.00 $ 2,000.00 Total per month $ 59,600.00 $ 69,380.00 Total Yearly Income $715,200.00 $832,560.00
Expenses Real Estate Taxes $ 11,000.00 Insurance $ 21,300.00 Payroll - Maintenance Super. $ 24,980.00 Office Rental Agent $ 24,850.00 Maintenance employee $ 21,000.00 Landscaping Services $ 5,900.00 Routine MRO and Light Maintenance $ 5,000.00 Reserve- Capital Improvement or Repairs $ 18,000.00 Laundry Equipment Maintenance $ 10,000.00 Site Maintenance $ 3,500.00 Management fee 3% $ 21,456.00 Legal and Accounting Services $ 12,000.00 Advertising and Marketing $ 10,500.00 Electric Common area $ 12,100.00 Trash Collection $ 11,800.00 Vacancy Rate 5% $ 35,760.00 Total Expenses $249,146.00
PARKSIDE VILLAS - Shelby, NC ID Murcia-0518. PARKSIDE VILLAS - Shelby, NC +1848-219-4941 +1561-683-1559 hmurcia@level9realty.com
INVESTMENT HIGHLIGHTS PARKSIDE VILLAS INVESTMENT OVERVIEW: Level 9 Realty is proud to announce the listing of an outstanding and high income producing apartment complex in Shelby, North Carolina. The complex consists of 20 -1 Bed / 1 Bath, 56 -2 Bed / 1.5 Bath and 20 - 3 Bed 2.5 Bath apartments. The current owner has renovated 80 of the 96 units with one building (8 two bed and 8 three bed units). The upside and added value will be the continuation of the renovation as it will increase the revenue. The renovations included new kitchens, bathrooms, flooring, appliances, doors, and painting. 65% of the tenants work in the Charlotte area. ID Murcia-0518. Need to discuss with the bolded lines. INVESTMENT HIGHLIGHTS Renovated Units High ROI Excellent for a 1031 Exchange Transaction. +1848-219-4941 +1561-683-1559 hmurcia@level9realty.com
REGIONAL MAP +1 848-219-4941 +1 561-683-1559 hmurcia@level9realty.com ID Murcia-0518. +1 848-219-4941 +1 561-683-1559 hmurcia@level9realty.com
LOCAL MAP +1848-219-4941 +1561-683-1559 hmurcia@level9realty.com ID Murcia-0518. +1848-219-4941 +1561-683-1559 hmurcia@level9realty.com
James Love Elementary School PARKSIDE VILLAS AERIAL PHOTO Shelby High School James Love Elementary School ID Murcia-0518. Shelby Middle School +1848-219-4941 +1561-683-1559 hmurcia@level9realty.com