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Paul Surles

Are you in the market for a Multi-Family Apartment Complex?

02-18-09
Paul Surles

We just found out about a multi-family apartment complex opportunity in Wichita that might fit your investment criteria. Following are a few details about the deal. Let me know if you or your client has an interest in taking a closer look. . .

  • $11 million asking price
  • 342 Apartment units
  • 19 Buildings plus Clubhouse/Office
  • Unit Mix:
    174-1 BR 650 s.f. (
    42 with monitored security)
    168-2 BR 900 s.f.
    (48 with monitored security)
  • Total Land Area: approximately 10 acres
  • Cap Rate: 8.0% year end December 2008
  • Based on the Cap Rate and Asking Price, I estimate the NOI would be $880,000.

The property has an excellent history of maintaining high occupancy since it was built in 1986. There is a mix of 174 one bedroom/one bath 650 s.f. units and 168 two bedroom/two full bath 900 s.f. units. All of the units have electric heat pumps and full size washer/dryer hookups. Many of the units feature fireplaces and monitored security alarms as well.

Common area amenities include a pool, large clubhouse with on site office, party room, laundry facility and rest rooms. A centrally located playground sits nicely in the courtyard. The Arkansas River runs adjacent to the community, complete with a City bike path. The property is professionally landscaped with colorful flowers throughout the area.

For more information about this or other investment opportunities in the Kansas City metro, call Paul Surles at 816-823-4400 or e-mail at psurles@gmail.com.

Kansas City Cash Cows - A Package of 3 Single-Family Investment Homes

02-16-09
Paul Surles

Ever thought you'd see a small investment package that you could purchase and likely get your initial investment back in the 1st year? This might seem strange to folks from out-of-state, but take a look at the cash flow forecast on Loopnet.

Two of the three homes are occupied by residents participating in our government's Section 8 program. This means you'll get the rent every month on time and don't have to worry about chasing folks down for the rent. The net operating income even includes property management and repair reserves.

Let me know your interest in taking a closer look at these. We can help you invest with your retirement account, with local financing, and/or cash accounts. For more information about Kansas City cash-flow investments, call Paul Surles at 816-523-4400.

Our Government Pays the Rent

01-21-09
Paul Surles

Ever thought about how great it would be if the government would pay the rent. . .and always on time? As a real estate investor or an agent looking for deals for an investor, this is very appealing considering the current state of our economy.

Following is a list of properties we are marketing that the government is paying the rent via the Section 8 program here in Kansas City. The prices noted are taking into account the seller's price reduction on several of these yesterday. Also, we have two lenders locally in Kansas City that can provide a loan for 2 or more of these properties.

  • 6303 E 147th St (sec 8 pending)
  • 2248 E 69th Terr
  • 6238 E 15th Terr
  • 4100 E 53rd
  • 4333 Flora
  • 4144 Montgall (sec 8 pending)
  • 5606 Michigan
  • 3948 Paseo
  • 5615 Michigan

Could you use another $2,655 a month in positive cash flow? This is our estimate based on a 7% loan, 10% down, property management, and the mortgage payment including taxes and insurance.

Take a look at this or share it with your clients. For more infomation about this and other Kansas City investment opportunities, call Paul Surles with Realty Resource of KC, LLC at 816-523-4400 x266 or e-mail at psurles@gmail.com.

Looking for a low price-per-unit multi-family investment?

01-05-09
Paul Surles

Looking for a good multi-family investment? We can customize a direct MLS link for you to see all the multi-family properties in the Kansas City metro. E-mail us at Paul@PaulSurles.com with your criteria and we'll let you know by e-mail of any active listings. Take a look at what's available today:

  • 4-plexes starting at $19,900
  • 6-plexes starting at $30k
  • 8-plexes starting at $44,900
  • 10-plexes starting at $100k
  • 12-plexes starting at $119,900
  • 16-plexes starting at $149,900
  • 24-plexes starting at $159,900

Looking for multi-family financing? We have local lenders in Kansas City that would welcome a conversation with you. For more information about Kansas City real estate investing, call Paul Surles at 913-266-5847, e-mail at Paul@PaulSurles.com or visit www.MetroREOSales.com. As an investor and agent with Keller Williams Realty, Partners Inc., we understand real estate investing and would be glad to talk with you about how we can help you achieve your investment goals.

Custom MLS Links Now Available for Multi-Family Real Estate Investments in Kansas City Metro

12-17-08
Paul Surles

Looking for a good multi-family investment? We can customize a direct MLS link for you to see all the multi-family properties in the Kansas City metro. E-mail us at Paul@PaulSurles.com with your criteria and we'll let you know by e-mail of any active listings. Take a look at what's available today:

  • 4-plexes starting at $19,900
  • 6-plexes starting at $30k
  • 8-plexes starting at $44,900
  • 10-plexes starting at $100k
  • 12-plexes starting at $119,900
  • 16-plexes starting at $149,900
  • 24-plexes starting at $159,900

Looking for multi-family financing? We have local lenders in Kansas City that would welcome a conversation with you. For more information about Kansas City real estate investing, call Paul Surles at 913-266-5847, e-mail at Paul@PaulSurles.com or visit www.MetroREOSales.com. As an investor and agent with Keller Williams Realty, Partners Inc., we understand real estate investing and would be glad to talk with you about how we can help you achieve your investment goals.