• Spacious Apartments, 83% of Which Are 2Bdr • Desirably Located in Beautiful Clearwater, in Densely Populated Pinellas County • Half of the Units Have Brand New Air Conditioning Systems • Ed Wright Park and Ross Norton Recreation Center Located Across the Street • A Pinellas Suncoast Transit Authority Bus Stop In Front of the Building • Belleair Elementary School is Within Walking Distance of the Property
Lakeview Apartments is a six unit-multifamily community located in Clearwater, FL. The single building, two story, property was built in 1974 and sits on an approximately 0.24 acre corner lot. The building was constructed of concrete block, with stucco exterior walls. The mansard style roofs are covered in a built up wood covering. The unit mix consists of 1-1Bdr/1Bath apartment at approximately 725 square feet, and 5-2Bdr/1Bath units at approximately 900 square feet. Three of the six on site air conditioning units are brand new, and residents will enjoy the convenience of a bus stop out front, and an on-site laundry facility.
Rare building and Land ownership which allows the landlord to benefit from depreciation of the improvements. NNN Lease where tenant is responsible for all expenses. 6.5 year remaining on initial term. Investment Grade Tenant: Moody's A3 / S&P: BBB+. Located at signalized intersection with strong traffic counts (AADT:53,000). Above average HH Income Levels within 1/3/5/ mile radius. Population Density within one-mile radius is strong (10,499). Parcel is at least one acre (1.08 acres). High Growth Market: Population estimates to increase 8.30% within a one-mile radius.
The site is situated at the intersection of Bloomingdale Avenue and John Moore Road, which has a strong traffic counts of 53,000 +/- ADT. The property sits approximately 10 minutes from Interstate 75 which is the main north-south thoroughfare of Florida and Interstate 4, which is the main east-west thoroughfare of Florida. The site is surrounded by other national retailers including Walmart, Dunkin Donuts, Walgreens, Regions Bank, Bank of America, Winn Dixie, Publix Supermarkets, CVS, Walgreens, Walmart Neighborhood Market, Starbucks, Wells Fargo, Chase, McDonalds and a list of others.
618 Irwin Street is a completely renovated 1960s built multifamily property located in Inman Park and on the cusp of the Old 4th Ward neighborhood of Atlanta. The property is made up of three 2 Bedroom 1 Bathroom units and one 1 Bedroom 1 Bathroom unit. The renovations include hardwood floors, granite countertops, new bathrooms, kitchen cabinets, and all new fixtures.
Inman Park was established in the late 1880s and is known as Atlanta's First Suburb and one of the nation's first garden suburbs. Old 4th Ward was awarded "Best Bet for Next Hot 'Hood" in Creative Loafing magazine (2010). Currently the area is a rapidly growing neighborhood that is becoming more and more desirable.
The Old 4th Ward and Inman Park neighborhoods are ideally located in the heart of Atlanta and is an ideal area to invest. The area is home to new retail developments, The Atlanta Beltline, The Atlanta Railcar, Krog St. Market, parks and many annual events.
Fort Lauderdale, FL
Auction.com and Franklin Street Real Estate Services present the opportunity to acquire Federal Plaza, a 25,678 Square Foot shopping plaza located along the heavily traveled (45,000+/vehicles per day) Federal Highway/US 1 Corridor in Fort Lauderdale, Florida. Federal Plaza is located in east Broward County on a main North/South thoroughfare east of I-95 and is surrounded by national retailers including: Publix, Target, Starbucks, Chipotle, Old Navy, LA Fitness, Marshalls, CVS, Bank of America, Home Goods, McDonald's, Office Depot and many others. The center has great visibility from Federal Highway with 452 feet of frontage and 4 access points into the plaza.
The plaza is currently 95% leased to a strong mix of long term tenants. Nearly all of the leases are NNN and provide for rent increases annually. The Property has had stable long term ownership and has been well maintained. Federal Plaza is an area in which rents are rising, and if an opportunity arises in future years you should be able to raise rents over 20%. With a great mix of Local and National Tenants in the immediate area along with Holy Cross Hospital across the street, the area is prime for new retail and office development in the near future. This property poses a very unique opportunity for investors to purchase a great retail site in a high quality area. You won’t be able to find a property that offers better value in an up and coming area than Federal Plaza on Federal Highway/US 1 in east Ft. Lauderdale.
For Sale: Industrial yard – outside open storage; fully fenced in, secured and monitored, including +/-3,127 of office area
+/- 2.5 acres, cleared, lime-rocked and stabilized, zoned CCG-23 structures on siteOriginal Office: +/- 1527sfSecured and video monitoring in placeIn place UPS and backup generatorSecondary office: +/- 1500sf +/-2,170sf concrete block storage/maintenance building(62’x35’), new roof with 2 oversize grade level doors (16’x10’)Concrete apron parking on both sides of the office building and in front of the garage/maintenance/ storage building
Franklin Street is pleased to present Crown Mill Village Lofts, an investment opportunity that is sure to appeal to all investors with its historic charm and modern renovations. The historic cotton mill was built in 1885, renovated into beautiful apartment lofts in 2005, and has no shortage of character. The 66 unit complex is nestled on 5.86 acres and, because of its beauty and charm, has hosted many events that are seeking a one-of-a-kind rustic experience. Crown Mill Lofts is the most desirable asset in town which allows it to maintain very strong occupancy and upward movement in rents. The exposed brick walls, original hardwood floors, rustic beams, and beautiful courtyards makes Crown Mill Lofts a rare gem with still more upside to be had.
The City of Dalton regarded as the "Carpet Capital of the World" lies at the foothills of the Blue Ridge Mountains in northwest Georgia, holds the county seat of Whitfield County, and is the second largest city in northwest Georgia, after Rome. Dalton is home to many of the nation’s floor-covering manufacturers. The industry employs more than 30,000 people in the Whitfield County area. Today Dalton is unrivaled in its production of carpet. More than 90% of the functional carpet produced in the world today is made within a 65-mile radius of the city.
Outstanding Value-Add Opportunity Via Rehabilitation & Community Improvements Excellent Unit Mix of Two & Three Bedroom Floor Plans 80's Vintage, Concrete Block Construction with Pitched Roofs On-Site Laundry Facility & Children's Playground Area Close Proximity to Highway-41 and I-75 Easy Access to Tampa, St. Petersburg, Clearwater, and Sarasota
Oakwood Village is a 120 unit duplex style apartment community located in Palmetto, Florida. The property was built in 1981 and consists of 60 one & two-story buildings of concrete block construction. The unit mix consists of 100 two bed-one bath units measuring 550 square feet and 20 three bed-two bath units measuring 678 square feet. This community is very low-density, allowing for a quiet & peaceful living environment. The property offers residents an on-site laundry facility and a children's playground. Oakwood Village provides affordable housing for the workforce of Bradenton and Palmetto. Residents at this property enjoy living in a great location within minutes of Highway 41, allowing for an easy commute to Bradenton and I-75. This property has outstanding upside potential as it is a classic value-add opportunity via interior & exterior renovations and improvements. Improving the interiors & exteriors of the buildings will allow a new investor to demand higher rents and increase the gross income. Additionally, the long-term value of the property will be greatly improved through property rehabilitation.
200 Randa run is a 21 unit Townhome property located in Temple, GA. The property was built in 2006 and consists of a unique mix of spacious 3Bdr 2.5Bath townhome units. The 2 story townhomes feature Central Heat & Air, Fireplace and personal garage. Located off Interstate I-20, 42 miles west of Atlanta and 11 miles north of Carrollton, with a population around 4,500.
Temple is located in the northwestern part of Carroll County and is home to nearly 4,000 residents. Situated 45 miles west of Atlanta and 12 miles north of Carrollton, it's a delightful Georgia town with lots of rustic charm. The area is accessible by Interstate 20 which flows right into the heart of Downtown Atlanta. The area boasts quaint shops with hospitable natives. A trip on the interstate offers an abundance of shopping, dining, and entertainment options in neighboring towns. Major outdoor attractions in the area include the John Tanner State Park where locals spend many days swimming, boating, picnicking and camping. Nearby McIntosh Reserve offers additional activities for locals and visitors. There are also several 18-hole golf courses nearby. Temple, GA is often referred to as "West Georgia's best kept secret."
• 70% of the Unit Mix is 2 or 3 Bedrooms with a Weighted Average Size of 1,019 Square Feet
• Once Interior and Exterior Improvements Have Been Completed, Rents Will Increase and Occupancy Will Stabilize
• There is a Walmart Neighborhood Market and a Publix Supermarket Within 1 Mile of Canterbury Oaks
• Amenities Include Central Courtyard with a Swimming Pool, Laundry Facility, an Elevator and a Playground
• Multiple Class "A" Apartments Under Construction Within 3 Miles
• Highly Desirable Concrete Block Construction and Located In Pinellas County, The Most Densely Populated County In Florida
• Located Just off of Gulf to Bay Blvd, a Major East-West Thoroughfare That Provides Access to Downtown Tampa, Tampa International Airport, and The Gulf Coast Beaches
Canterbury Oaks Apartments is a multifamily community consisting of 72- units located in Clearwater, Florida. The complex was built in 1973 of concrete block construction with flat roofs. The property consists of one continuous building, that is both two and three stories, surrounding a courtyard. The courtyard contains a swimming pool and a pool house, as well as ample green space. Canterbury Oaks' unit mix consists of 4-1Bdr/1Bath with 650 square feet, 18-1Bdr/1Bath with 711 square feet, 16-2Bdr/1Bath with 905 square feet; 33-3Bdr/2Bath with 1,260 square feet and 1-Penthouse with 3 Bedrooms at 2,000 square feet. Canterbury Oaks represents a true value add investment opportunity through an increase in occupancy and growth in rent.
Canterbury Oaks is located in the heart of Clearwater, Florida. The property is only one block off Gulf to Bay Blvd which is a major East-West thoroughfare from Tampa to Clearwater. The world famous Clearwater Beach is only 5 miles from Canterbury Oaks. Clearwater was recently named the Best Beach Town in America by USA Today. The Clearwater High School is located only one block to the west. There is ample shopping in the immediate area including a Publix and a Walmart less than a half mile away. Under construction in the immediate vicinity is a Wawa, as well as Broadstone Clearwater, a planned 240-unit luxury apartment community on the corner of Belcher and Druid. The property's convenient location off of Gulf to Bay Blvd provides an easy commute to Tampa International Airport.
• All Units Feature Washer and Dryer Connections, a Patio or Balcony, and Walk-In Closets• Diverse Mix of Spacious Two, Three, and Four Bedroom Apartments• On Site Amenities Include A Full-Size Swimming Pool, Fitness Center, Laundry Facility, and a Playground• Value Add Opportunity Available Through Expense Control and Management Efficiency• Located Within 20 Miles of Disney, Universal Studios, and SeaWorld
The Park at Vittoria (FKA Waterstone) is a 208 unit Apartment Community located in Orlando, FL which is in Orange County. There are 33-two story buildings spread across approximately 16.37 acres of land. The buildings were constructed in 1991 with wood framing and pitched roofs. The unit mix at the property consists of 72 - 2Bdr/1.5Bath (1,175 Sq Ft), 120-3Bdr/2Bath (1,260-1427 Sq Ft), and 16-4Bdr/2.5Bath (1,677 Sq Ft) units. Each unit comes with washer and dryer connections, patio/balcony areas, and spacious walk in closets; and residents will enjoy the centralized heating and air package. The attractive community amenity package includes a swimming pool, health and fitness center, laundry facility, children's play area, and a full basketball court. Waterstone is an opportunity to invest in a large property that is in good condition located in Northwest Orlando. The property has an excellent mix of large two, three, and four bedroom units which demand higher rents and lead to strong gross potential income. Current rents are among the lowest in the market on a per square foot basis, but with continued improvement and renovations and strength returning to the overall economy, there should be opportunity to raise rents in the near future. Investors should understand that the property is currently operating with a higher than average expense load and there is significant potential to run the property more efficiently thus increasing the NOI.
300 Waddell St is a 28 unit apartment property that was vacated and has great upside through renovations. The property is located in the foothills of the Appalachian Mountains and is home to Berry College, Rome, GA. Berry College is the largest contiguous campus in the world, and the nation's #1 "Up-and-Coming" liberal arts college.
Waddell St presents a rare opportunity to acquire an REO asset a a very low basis that can be revitalized and stabilized through renovation.
54 out of 144 Units are Being Offered to Purchase
New Roof in 2005
New Rails and Impact Windows
Near Major Thoroughfares Such as US-1 and Florida's Turnpike
Just Minutes from Southland Mall, Target, Mercedes of Cutler Bay and Assurant Insurance Building
Strong Submarket Occupancy of 96%
Priced Substantially Below Replacement Cost
The Southwood Condominiums are located in Miami, Florida in Miami-Dade county. The building was constructed in 1966 of concrete block construction with a pitched wood roof and wall air conditioning. This investment opportunity includes 54 of the 144 total units of the property. The unit mix consists of 3 efficiencies of 486 sf, 15 one bed/ one bath units of 625 sf and 36 two bed/ one bath units of 779 sf.
Southwood Condominiums represents the opportunity to invest in a product with stable operations and predictable cash flow. This opportunity is priced substantially below replacement cost at $46,000/unit. Current occupancy is running about 98%. While other asset classes are struggling to recover from the economic downturn with high vacancy rates and low rents Multi-Family product proves to be the preferred investment vehicle.
626 Irwin St is a completely renovated 7 unit multifamily property on the cusp of the Old 4th Ward and the Inman Park Neighborhoods of Atlanta.
The property is made up of seven 2-Bedroom 1-Bath units with renovations that include granite counter tops, stainless steel appliances, hardwood floors, new bathrooms, and all new fixtures.
626 Irwin St is located in Inman Park and close to the Old 4th Ward neighborhood of Atlanta. Inman Park was established in the late 1880's and is known as Atlanta's First Suburb and one of the nation's first garden suburbs.
Currently, the area is a rapidly-growing neighborhood becoming more and more desirable. The area is home to new retail developments, The Atlanta Beltline, The Atlanta Railcar, Krog St. Market, parks and many annual events.
Franklin Street Real Estate Services is pleased to present a newly constructed Dollar Tree anchored retail center located in Quinlan, TX which is in the Dallas-Ft. Worth MSA.
The property is located on a hard corner directly across the street from a Wal-Mart Supercenter that serves a 15-mile radius area that includes several recreational lake communities.
Dollar Tree, The Cash Store and an ATT Franchisee fully occupy the new center. The property is located in the main retail corridor of Quinlan and is surrounded by O"Reilly Auto Parts, McDonald's, Autozone, Brookshire's, Pizza Hut and Taco Mayo to name a few.
The subject property provides an investor the opportunity to acquire a newly built, 100% leased shopping center at a signalized intersection across from regional Wal-Mart. All leases are reimiburse for CAM, taxes and insurance making this a truly passive investment.
Spring Hill, FL
Corporate Guaranteed Absolute NNN Lease Significant Remaining lease term (10 years)Upside with New Lease with U-HaulStrong Traffic Counts along US Highway 19 (42,911 AADT)Newer construction (2003)Scheduled rental increases every Five YearsGrowing trade area
Tuffy Auto Center has 10 years remaining on its initial NNN lease which commenced in September of 2004. The lease offers 8.8 percent rental increases every five years as well as in each of the two, five year options to renew. Under the lease, the tenant is responsible for all maintenance, repairs and expenses.
Joseph Lowery Apartments is a 52 unit value-add multifamily investment opportunity in west Atlanta.
Joseph Lowery apartments are made up of 52 Two-Bedroom One Bath Apartments. All of the units are individually metered for gas and electric. with the owner being responsible for water & sewer. The property is currently about 35% occupied and represents an opportunity for an owner to renovate individual units to maximize rent and cash flow. By completing interior renovations to units in addition to fencing in the site, it is expected that rents can be raised presenting double digit cash flow for a hands on investor.
Cape Coral, FL
Guaranty from largest Dunkin Donuts Franchisee in Florida3% rental increases each yearLandlord friendly lease structureNewer construction (2006)Large parcel (1 acre)Easily accessible from Del Prado and Pine Island
Dunkin Donuts has 2 years remaining on its initial NNN lease which commenced in February of 2011. The lease offers 3 percent rental increases every year as well as in each of the three, five year options to renew. Under the lease, the tenant is responsible for all the expenses as well as repairs and maintenance.