$199K Shopping Center (Houston, TX) For Sale building is 6000 sqft on a very busy street in Houston, Texas. Foreclosure thus, the building is empty. It has freeway view-ability which makes this building very appealing.
Repair Estimate: $70-80K
After Repair Value: $525K
After Repair Rents: 3900-4400 Monthly ($199+70 = $269K / 3900 = 14.4% Cap Rate)
Days on Market: 1 – MOVE FAST !!!!! YOU NEED $$ I WILL GET YOU A BRIDGE LOAN BUT YOU NEED AT LEAST 30% DOWN – 9%-11% Interest no pre-payment penalty
NEED ADDRESS ??? SIGN commission protection agreement
Explanation of Estimated Rents