18 Off Market Properties and our 2019 Jumpstart Event Recap

Newsletter Archive
I trust this email finds you well.  
 
Thank you for an amazing 2018 and Cheers to a successful 2019. 
 
We literally would not be in business if it was not for you.  Thank you so much for the continued support, it means the world to us. 
 
In today's email, you will find:
1. New company emails. 
2. Full coverage with videos and presentation slides of our 2019 Real Estate Jumpstart Event, including our launch of www.lehighvalleyoffmarket.com, www.lehighvalleyturnkey.com & www.360mediapro.com
3. 18 (eighteen) Off-market properties, including multi-family, residential, warehouse, retail, gas station, & hotels. 
 _______________________________________________________________
 
1. New Company Emails. As luck would have it, our previous emails have been compromised.  We have not been receiving any emails since 01/31/2019. I apologize for the inconvenience. 
 
Please update my contact information, as follows:
1. Primary Email - t.g@thetgteam.com 
2. Secondary Email - tejasgosaic21@gmail.com 
3. Team email - tejasgosaiteam@gmail.com
4. Personal Cell Phone - 215-317-1177.
5. Work Cell Phone - 484-544-3321. 
 
Please update Lauren Jung's contact information, as follows:
1. Primary Email - l.j@thetgteam.com 
2. Personal Cell Phone - 484.515.4939
 
2. Recap of the 2019 Real Estate Jumpstart Event: For those who made it to our 2019 Real Estate Jumpstart Event, thank you for your support, and thank you from the bottom of our hearts for your donations to the Veteran non-profit charity, Team RWB.  We were able to make a sizeable donation and are happy to announce that The Tejas Gosai Team will be donating a portion of EVERY real estate transaction to this amazing group. Stay tuned for our fundraising efforts on Facebook and see the photos from our event here
 
For those who missed our event, it would have been so much more fun if you had made it, we will catch you at the next one.  
 
At the Jumpstart, our team announced 3 real estate solution-based companies that we have been secretly working on for the better part of 2018 (Slides and video here):
 

1. Lehigh Valley Off Market (LVOM) - www.lehighvalleyoffmarket.com -  LVOM is the only company holding proprietary software that offers a website dedicated to off-market properties in the Lehigh Valley and the surrounding region. Over 50 real estate owners were polled to create the 7 principles LVOM’s foundation is based upon, listed on the homepage as exclusive, confidential, private, secure, reliable, authentic and available.  Each property is displayed with specific metrics including cap rate, area demographics, cash on cash return, school rankings, tax benefit score, etc. Each property will also include a set of due diligence documentation that can only be released upon registration, qualifying the potential buyer and signing a confidentiality agreement.

2. Lehigh Valley Turnkey (LVTK) - www.lehighvalleyturnkey.com - LVTK is comprised of real estate professionals who specialize in offering turnkey, cash flowing properties available in the eastern Pennsylvania region streamlining the functionality to run, manage, and profit from a real estate investment. This website was created to provide a qualified buyer with all key metrics necessary to identify a potential acquisition and quickly become a real estate investor. Each property’s metrics include soft/hard cap rates, financial analysis with 30-year pro forma, tax benefit score, convenience score, projected appreciation, among other key factors in examining an investment property. This investment approach is especially appealing to individuals who desire exposure to the real estate market but do not have the time or ability to efficiently maintain the asset.   

3. 360 Media Pro (3MP) - www.360mediapro.com - 3MP, founded and headquartered in Pennsylvania’s Lehigh Valley is a full-service media company dedicated to providing the real estate industry with the absolute best and most comprehensive visual representation through the use of HD photography, drone imagery, video production, and virtual tours. Outfitted with cutting edge hardware, revolutionary software and decades of experience, 3MP is the only one-stop shop that will meet or beat any pricing available on the market and deliver the results one requires to lead in the real estate market.

3. Off-market properties, including multi-family, residential, warehouse, retail, gas station, & hotels:

1. Downtown Allentown, PA, 8-UNIT Package - 500K asking price for all units or individual pricing stated here: 

  • A. Multi-unit: 165 chew st. Allentown, Pa. Asking $98,000 4/2  2unit. Rents: $650-$850 Heat: baseboard. Taxes: $2200 
  • B. Multi-unit: 338 N. 9th St. Allentown, PA. Asking $120,000 4/3 2unit. Rents: $700-$850 Heat: baseboard. Taxes: $2700
  • C. Single: 405 E. Susquehanna St. Allentown, PA. Asking $75,000 4/1. VACANT. 
  • D. Single: 1331 Warren St. Allentown, PA. Asking $70,000 3/1.5 Rent: $850
  • E. Single: 420 E. Court St. Allentown, PA. Asking $65,000 3/1 Rent: $750
  • F. Single: 1011 S. Howard St. Allentown, PA. Asking $80,000 3/1 Rent: $1,000 

2. 5 Unit Walnut St Multi-Family in Reading, 120K Asking.  Fully Occupied with a 16% Cap Rate with $19K Net.

3. 7-Unit Catasauqua, Mixed Units (2res, 5comm), in Catasauqua, PA 625K Asking: fully occupied, turnkey, multi-family/commercial investment property with a 63k gross, 50k net, 8% cap @ 625K asking. Immaculate property ideally located in Catasauqua has been very well maintained with long term tenants occupying the property between 3-4 years with a remaining 6-8 months left on all leases plus all tenants have confirmed renewal. 

4. 145 W Hamilton, Allentown, PA, 1.2MM Asking: $232,254 Gross, $162,577 Net with 13.56% Cap Rate projected. The owner is currently drafting plans to create 14 residential units on the second floor and keep one commercial storefront on the ground floor. 25,000+SQFT, 2-story building located in the heart of the commercial revitalization district of Allentown, only .5 miles from the PPL Center boasting significant frontage, heavy traffic flow, & B-5 Commercial zoning. Click here for video flyby, https://youtu.be/4JEzGxQdIQs 

5. 5-Unit Commercial Retail Plaza in Allentown, PA, 3.2MM Asking: Next to CVS (easement shared). 300K Gross, 200K NET, 90% occupancy, 6.25% Cap Rate. 13,000 square feet of commercial space with 75 parking spaces, up to all codes with ADA compliance and elevator.  Built-in 2000 using steel and concrete construction.  Owner financing available @ 4.5% with 20% down.

6. Conshohocken, PA, 4.2MM Asking: FULLY OCCUPIED and generating 378K Gross and 300K NOI  with a 7.1% Cap Rate @ asking with Owner financing available for up to a 20-year term.  

7. Hamilton Building in West Allentown, PA.  3.5MM Asking: Ideal location for most any type Large business/Company. The building has a total of 50,000 sq. ft. and 25,000 sq. Ft of office space and lower level has 25,000 sq. ft. of Space for trucks/cars or Retail. Zoned Industrial so most any type manufacturing can be done here. Also has a crane for loading large items. Close to all major highways! Has parking for 75 cars.

8. 5 BR Victorian in Bethlehem, PA, 450K Asking - Once in a lifetime opportunity to own this exceptional masterpiece built by Tilghman Fogel who wanted to build the most unique home at the time. The result was this 5 bedroom Victorian, huge wrap around porch situated on 2.7 acres. The impressive original woodwork is all intact and just waiting to be restored. There is also a 2nd floor 4 bedroom apartment in the attached building which was recently renovated. Additional outbuildings and storage facilities are also located on the property. A new roof and new windows were recently installed in the property.

9. Single unit Rachel Drive townhouse in Bethlehem, PA, 225K Asking:  1 Unit, 22.8k Gross 18.5k Net with 8.2% cap rate @ asking.  Wonderfully maintained with brand new central air unit and the owner is currently remodeling the kitchen with all new appliances and flooring.

10. Single unit Belle Flower townhouse in Allentown, PA, 250K Asking: 1 Unit, 26.4K Gross, 21.4K Net with 8.6% cap rate.  Property is only 6 years old plus the basement was just fully finished, newer roof, fresh paint, newer carpets, newer appliances. 

11. Single unit Kings Rd, Bi-Level Single Family Home in Hanover Twp.  Estimate value of 262K  renovated 3 bedrooms, 3 baths with a walkout to covered patio and a gorgeous deck to enjoy the in-ground pool. Also features an attached 2-car garage.

12. Single unit Taylor Ave, all-brick, cape style, single home in Easton, PA, 220K Asking: Renovated and remodeled 3BR, 1BA home with 26.4K Gross, 21.4K Net with 9.73% cap rate.

13. Gas Station - Valero Gas Station in Summit Hill, PA: PROFIT bearing with 1.7MM gross and 135k Net at 500K asking with 27% Cap Rate. Award-winning VALERO franchise. This offering includes both the land with 250' frontage and turnkey Valero franchise which is cash flowing and completely remodeled with mini-mart and brand new restaurant increasing sales year over year. The property has excellent curb appeal being located on very heavily traveled State Route 902 and next to the city center with massive foot traffic. ALL financials are available upon request. Roughly 150k in recent upgrades including all new pumps installed in November 2017, new roof, led lights, interior upgrades, restaurant buildout, etc. All certificates up to date, environmental completely clean, and site inspection passed. With Valero contract, the owner makes 1.5 cents per gallon in rebates. The mini-mart includes a full kitchen which generates over $25,000 per year. Confirmed best-rated gas station in a 5-mile radius. Close to route 209, 309, 476 and 81.  
 
Hotels:
 

14. Simplicity Inn, 22 Room Hotel in Hershey, PA, 2.2MM Asking: Perfect location w/ pool in the Heart of Hershey just 6 miles away from all of the Hershey Park, Chocolate World & the stadium.  Renting the rooms has never been a problem due to the location and demand generators.  

15. Holiday Inn Pittsburgh, PA 6.7MM Asking -  70 rooms, 8.26% Cap Rate at asking price built in 2012 - Request OM if interested. 

16. Courtyard Toledo, OH 12MM Asking -  97 rooms 7.63% Cap Rate at asking price built in 2016 - Request OM if interested. 

17. Comfort Suites in Monaca, PA, 3.5MM Asking - 41 rooms (33 King 8 doubles) 3 stories w/interior corridors built in 2007 - Request OM if interested. 

18. Comfort Inn in Pittsburgh, PA 3.2MM Asking -  50 rooms (35 King 15 doubles) 4 stories w/Interior Corridors built in 2012 - Request OM if interested. 

19. Hampton Inn & Suites in Toledo, OH 7.2MM74 rooms, 3 stories w/interior corridors built in 2000 - Request OM if interested. 

We have several On-market multi-family properties that we are highlighting for the month, please download the listings at https://tejasgosaiteam.com/multi-family-listings

Thank you for the opportunity to earn your business, we look forward to a great 2019. 
 
-- 
"J"
Tejas Gosai - Linkedin
Real Estate and Commercial Investments
Personal Cell - 215.317.1177
Office Cell - 484.544.3321
Office - 610.250.8905
Century 21 Keim Realtors
Suite J
2299 Brodhead Rd
Bethlehem, PA 18020
 

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