Description
Make $178K+/year income for life with a 192-unit building in Hamilton!
Looking for JV capital partner with 2.41M for a 30%+ ROI/year Premium Canadian Apartment Building Acquisition
Details:
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- Price: 12M
- Units: 192
- City: Hamilton
- Net Profit: $177,363+ a year
- Cap: 6.94%
- GRM: 5.88
- DSR: 1.27 or greater.
- $76+ per door.
- No Vacancies. No Repairs.
- Even mix of 3 bed, 2 bed, and 1 bed. 2 4 bed and 2 bachelors.
- Turn-key, premium building with no issues.
- Owner retiring and just wants to get rid of it.
ROI:
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- COC ROI: 7.36%+
- Return on Equity ROI: 4.56%+
- Appreciation ROI (4%): 19.92%
- Total ROI per year: 31.84%
Why invest in Hamilton?:
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- Low vacancy rate and dropping. Currently 4.1 as of April 2010.
- Unemployment rate dropped a full point in March 2010 to 7.9%. National average is 8.2
- Population over 500,000, making Hamilton one of Canada\'s major cities.
- Major sectors include: manufacturing, health care, life sciences, film and TV production, agriculture, and education.
- Rated 3rd best city in English Canada - Can. Bus. Magazine 2008
- Rated 7th best city overall to do business - Can. Bus. Magazine 2008
- Rated 3rd largest city in North America for quality of life - FDI Magazine 2009 (a publication of the Financial Times)
- Rated the 2nd best city to invest in by Canada\'s top Real Estate Investor, Don Campbell of REIN (Real Estate Investment Network)
Initial Investment:
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- $2.41M total initial investment required for down payment, due diligence, and closing costs.
- of which $200K deposit is required right away to secure the offer.
- of which $650K will be paid to my company as a finders fee upon close.
JV Agreement Basic Conditions:
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- Investor keeps 100% of the cash-flow.
- Investor can sell the property any time.
- My company receives 10% of the profit upon sale.
- Investor has full right to all management decisions.
- My company receives a finders fee upon close. This has been included in the 2.41M initial investment.
Summary:
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- All calculations were done with conservative numbers, and not the seller\'s numbers.
- This is an exceptional deal that will not last long.
- Add this premium, turn-key asset to your portfolio this month!
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