Dear Investors,
I trust this email finds you well.
This email is to remind you of our Group Showing tomorrow 2/23 from 1-3 at 44 N 13th St, Allentown, PA. We also wanted to share 8 off-market properties totaling 59 units in the Lehigh Valley. With each owner, we have negotiated a REDUCED COMMISSION to inflate your offer, reduce the competition, and win the property.
1. Property description with agent remarks
2. Soft and hard caps rates with assumptions built in for management, maintenance, vacancy, etc.
3. 30 year pro-forma.
4. Area statistics.
5. Area demographics.
Enjoy the reading we have prepared for you :)
OFF-MARKET:
1. GROUP SHOWING THIS Saturday, 2/23/19 from 1-3 pm. 44 N 13th St, Allentown, PA: 8 Mixed Units - Allentown - Fully Occupied - 10.32% Soft Cap 9.15% Hark Cap - 93K Gross - 67K Net. A unique asset with first-floor Commercial space rented to a long term tenant with fresh 3-year lease term and 7 (seven) residential apartments above. Located just blocks from the PPL Center and everything the newly developed Allentown city center has to offer including restaurants, shopping, entertainment, etc. Corner property with large apartments, including balconies, Many improvements and recent renovations inside and out. 9.2% hard cap rate with assumptions. https://lehighvalleyoffmarket.com/02%2F14%2F2019-57-units
2. 11 Unit 5th St in Allentown, PA, $950k Asking with a 9% Soft Cap - 7.08% Hard Cap. Two 3 Bed, 1 Bath; Four 2 Bed, 1 Bath; Five 1 Bed, 1 Bath units https://lehighvalleyoffmarket.com/02%2F14%2F2019-57-units
3. 13 Unit Butz Rd in Breinigsville, PA, $1.25mm Asking with $115K Net & 9% Soft Cap 7.58% Hard Cap https://lehighvalleyoffmarket.com/02%2F14%2F2019-57-units
4. 10 Unit Linden St in Allentown, PA, $1mm Asking with $100K Net & 9% Cap
5. 3 Unit Wynadotte St in Bethlehem, PA, Asking $239,900 with $33.3K Net Gross 33.5& 14% Cap 11.66% Hard Cap https://lehighvalleyoffmarket.com/02%2F14%2F2019-57-units
6. Catasauqua, PA: 7-unit, fully occupied, turnkey, multi-family/commercial investment property with 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. https://lehighvalleyoffmarket.com/02%2F14%2F2019-57-units
7. 5 Unit Walnut St Multi-Family in Reading, PA 120K Asking. Fully Occupied with a 16% Soft Cap Rate 13.77% Hard Cap with 25K Gross $19K Net. https://lehighvalleyoffmarket.com/02%2F14%2F2019-57-units
8. 2 Unit Mohawk St. Multi-Family in Allentown, PA 260K Asking. Fully Occupied with a 12% Soft Cap Rate $31,200 Gross
Last but not least, my group and I are hungry, educated, fearless, and ready to work for you, please don't let us sit by idle.
Thank you for your time and energy.
