Cleare Realty Solutions

🔥 Off Market "21-Unit Value-Add" Apartment Building in New Orleans! 🏙️

Are you ready to elevate your real estate portfolio with a potential high-yield, low-maintenance asset? Look no further!

📈 Projected Stabilized Cap Rate: 13.6%

💰 Projected Value: $2.6M (Once Fully Stabilized)

💵 Asking Price: $1.2M (CASH ONLY)

Key Highlights:

✨ Fully Remodeled Units: 16 out of 21 units have been meticulously renovated, offering modern amenities.

🔧 Minimal Additional Investment: Extensive remodeling already completed means minimal capital expenditures and quick filling of vacant units.

💵 Strong NOI: Projected gross rents of $257,364 with NOI at approximately $163,717 (assuming 7% vacancy and current expenses) ensuring reliable cash flow.

📊 Current Occupancy: 47.6% (11 units ready to rent!)

💸 Current Gross Rent: $113,808

🏢 Expenses: $75,631

📈 Current NOI: $30,210

🏙️ Average New Orleans Market Cap (CoStar): 6.3%

💼 Potential Stabilized Value: $2,598,691

Why This Property?

📍 Prime Location: Located in a vibrant, growing area of New Orleans with strong rental demand and excellent occupancy rates.

🚀 Forced Appreciation Opportunity: Secure a property with substantial upside potential and opportunity for consistent returns.

Contact us today to schedule a tour and learn more about this exceptional investment opportunity!

📞(248) 217-6055

📧 [email protected]

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🌟 Level Up Your Wealth Game: Investing On Steroids 🌟

📅 DATE: March 16th, 2024
📍 LOCATION: Brew Detroit
Where the vibe is as rich as the brews
🕒 TIME: 12 - 4 PM

👋 Join me, along with other esteemed industry professionals, for an extraordinary gathering of minds in the realm of real estate and wealth building! "Investing On Steroids" isn't just an event; it's your ticket to supercharging your investment strategy with insights from industry titans.

🎙 Meet Our Esteemed Guests:

🔹 John M Cleare
Licensed Broker, Real Estate Consultant, Speaker, and Investor Extraordinaire. Specializing in Nationwide Residential & Commercial Closings.

🔹 Nathan Orange
Commercial Lending Veteran with 25 Years' Experience, STR | AIRBNB Expert, Small Multi-Family Investment Specialist. Presenting a Case Study on Apartment Acquisitions.

🔹 Joshua Norber
Short Sales & Foreclosure Guru, Unicorn Real Estate Agent, Subto Mastermind Alumni, Transaction Brokering Expert.

This event is a must for anyone eager to expand their knowledge, connect with like-minded investors, and unlock the keys to success across various investment avenues. Whether you're a rookie or a seasoned investor, our speakers will equip you with invaluable insights to fortify and diversify your investment portfolio.

Don't miss this chance to take your investing prowess to the next level! 💥

🍺 Savor top-notch brews, mingle with exceptional company, and engage in a knowledge exchange that could revolutionize your approach to wealth building.

💡 Mark your calendar and be part of a day that promises not only to inform but to transform your investment strategies.

We're thrilled to welcome you to a day of enlightenment and networking.

See you there! ✌️❤️

Cheers to a new year and many continued blessings🥂

I had the opportunity to speak with a local REIA and drop gems about Commercial Wholesaling.

Always open to JV opportunities.

CleareToClose.com

https://www.youtube.com/watch?v=l1xWCGZUJoE&list=PLMukopNkcySmnpVl7Alj_-ZmwPHdFmSIC&index=17

John Cleare Expert on How to Wholesale Commercial Real Estate Deals - A toZ on How to Do the Deals ADDRESS: Shields Pizza, 25101 Telegraph, Southfield 7:00 PM 3rd Tuesday Every Month - No Charge for the meetingEvery Meeting Learn From Other Investors! Help...

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