wow, 7k/door, I live there once....

EASTWOOD POINTE

3710 East Paulding Road, Fort Wayne, IN 46816

EASTWOOD POINTE
  • $1,850,000
  • 271
  • 177,412 SF
  • $6,826.57
  • Multifamily
  • Garden/Low-Rise
  • Investment
  • 9.12%
  • 1.43
  • 1965
  • 22 AC
  • Find Out More...
Last Verified  4/20/2012 Listing ID  17373931

Highlights

  • Bank-Directed Sale ~ 271 Garden-Style Units
  • $6826 Price/Unit ~Financial Info Based on Actuals
  • 60% Occupancy ~ Upside Potential
  • Tenants Pay Heat

Description

271 Garden Style apartment units consisting of efficiency, 1, 2, and 3 Bedrooms. 60% Occupied. Possible upside in leasing up the vacant units. Property does accept Section 8, but currently only 8% of tenants are Section 8.

Eastwood Point is nestled in the outskirts of the SE quadrant of Fort Wayne. It is located within the city limits but has the feeling of a country property, with lots of privacy and mature trees. The SE quadrant is primarily residential with most of the population being blue collar. Located on the east end of a primary thoroughfare in the south part of Fort Wayne, Eastwood Point is only minutes from a new commercial development which includes a Walmart and Menards.

Financial Summary

Unit Mix Information

Debt & Equity Information

  • Proforma
  • $770,494
  • $168,729
  • $168,729

所有跟帖: 

太羡慕了。鞭长莫及。 -sweetptt- 给 sweetptt 发送悄悄话 sweetptt 的博客首页 (0 bytes) () 04/26/2012 postreply 14:54:45

had some college good time there...lol -jy101- 给 jy101 发送悄悄话 jy101 的博客首页 (0 bytes) () 04/26/2012 postreply 14:56:54

即便如此便宜,也不敢接手。将近2米的投入,如果不能盈利就死翘翘了 -关键字- 给 关键字 发送悄悄话 关键字 的博客首页 (107 bytes) () 04/26/2012 postreply 15:42:18

potentially worth 6mil. -jy101- 给 jy101 发送悄悄话 jy101 的博客首页 (244 bytes) () 04/26/2012 postreply 15:54:49

还得看市场如何。这么低的租金入住率只有60%,说明当地经济差,市场饱和 -关键字- 给 关键字 发送悄悄话 关键字 的博客首页 (108 bytes) () 04/26/2012 postreply 16:01:36

如果我接手的话,租金将大幅上涨。信不信由你,这个实在太远了。I am depressed。LOL。 -sweetptt- 给 sweetptt 发送悄悄话 sweetptt 的博客首页 (0 bytes) () 04/26/2012 postreply 16:04:00

查了一下,这个城市是印第安纳州第二大城市,人口有25万呢 -关键字- 给 关键字 发送悄悄话 关键字 的博客首页 (43 bytes) () 04/26/2012 postreply 16:09:37

well, the key point is to -zbj8888- 给 zbj8888 发送悄悄话 (231 bytes) () 04/26/2012 postreply 16:03:08

here is my back of envelope cal. ROI 35%. -sweetptt- 给 sweetptt 发送悄悄话 sweetptt 的博客首页 (197 bytes) () 04/26/2012 postreply 16:19:17

its over 1mil in potential rent per year.. -jy101- 给 jy101 发送悄悄话 jy101 的博客首页 (42 bytes) () 04/26/2012 postreply 16:31:34

饿死胆小的。 -sweetptt- 给 sweetptt 发送悄悄话 sweetptt 的博客首页 (0 bytes) () 04/26/2012 postreply 16:01:05

这里有个相似的,100单位, 要65万。能买得起的人多一些 -关键字- 给 关键字 发送悄悄话 关键字 的博客首页 (329 bytes) () 04/26/2012 postreply 16:36:37

good deal, sounds like this is a HUD funded project. -jy101- 给 jy101 发送悄悄话 jy101 的博客首页 (326 bytes) () 04/26/2012 postreply 16:57:22

Can you explain these words? -SunshineInCA- 给 SunshineInCA 发送悄悄话 (230 bytes) () 04/26/2012 postreply 19:31:16

here is your bathroom reading materials. -jy101- 给 jy101 发送悄悄话 jy101 的博客首页 (2428 bytes) () 04/26/2012 postreply 19:41:11

我坐着读懂了,谢谢。有点意思。 -SunshineInCA- 给 SunshineInCA 发送悄悄话 (39 bytes) () 04/26/2012 postreply 21:00:16

这个东西怎么做? -johndoe23- 给 johndoe23 发送悄悄话 (0 bytes) () 04/26/2012 postreply 22:06:56

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