Shell Gas Station / C-Store with Subway Franchise in Downtown Houston ForSale – $2M

Incredible opportunity to own a Shell Gas Station that is very busy even though prices are extremely high.  Owner has owned this property for nearly 30 years, and is now retiring,  property was under contract recently but buyer could not obtain financing.  Please move fast.  It is in the main section of Eado and on the edge of Midtown Houston.  New homes are selling for an average of $425K

Size of Property:

• Building Size: 2100 square feet
• Lot Size: 21,875 square feet (50% of an acre)
• Hard Corner
• Signalized
• Freeway View-ability

Sales (Averages):

• Inside Sales: $60,000 (average)
  • Grocery: $45,000
  • ATM: $1500-$2000
  • Subway: $15000-$20000
• Outside Sales:
  • Gas Sales: $40,000-$50,000
  • Air: $750-$1000

Features:

• Address: Downtown Houston (Google Map)
• Lot Size: 21,875 sqft (50% of an acre)
• Building Size: 2100 sqft
• Sale includes real estate
• No contract on gas (no jobber)
• Property is NOT leased out currently and has never been leased out
• Inventory is not included (will be counted) – estimated $80-90k of inventory

Cars Per Day:

• Freeway view-ability (120,000 Cars Per Day on 59 Hwy)
• Pease Street (23,000 Cars Per Day)
• Fwy Frontage (35,000 Cars Per Day)
• Total Cars Per Day (58,000 Cars Per Day at Intersection) + 120,000 Cars on HWY

4 Plex in Eado (East of Downtown Houston) sold at 10% Cap Rate $295K obo

• 4 Plex in Eado for sale sold for land value only $300K
• 100% Tenant Occupied please do not disturb tenants
• Property located very close to Downtown Houston
• Area is extremely revitalizing
• Rents are very low, but tenants in place for many years
• Bring all offers!  Looking for cash/quick close

 

 

16 Unit Apt Complex Rehabbed and Making a Ton of Money! 13%+ Cap Rate $1.4M + 3 Acres of Land

Summary:  16 Unit Apt complex just finished and 50% full within 3 months expect 100% occupancy in 3 more months – also comes with 3 Acres of land next to it for future development.  Cap Rate at $1.4M is 13% when 100% occupied by now because when owner gets 100% occupied he will sell much higher!  Move fast!

Rehabbed 16 Units, 8 Units were done 08/15/2018 approximately and have already leased out, he will be done with the other 8 units this week and will fill up quickly.  Owner also secured 3 Acres of land next to the apt complex for future construction.

16 Units all 2 bedroom and 1 bath

• New electrical
• New siding
• New windows
• New HVAC (air conditioning in and outside units)
• New Plumbing
• New roof
• Management in place
• Full remodel according to owner
• Auto payment tenants on section 8

Rent Roll Current

Rent Roll with Rent Increases in Jan 2019

Fully Occupied Proforma for 2019 Sec 8 Rent Increases 01_2019 Kevin Baker Apt Complex

 

 

5 Duplexes + 1 Single Family fully occupied,generates more money then UNCLE SAM! 10% Cap Rate! Fully Occupied! Cash Cow!

Income Summary:

5 Duplex Building (10 Units x $500 each = $5000 a month = $60,000 a year)
1 Single Family Building (1 Unit = $500 a month = $6000 a year)
$66,000 Total Rent Revenue Generated Each Year

100% Occupied

Expenses:

Taxes are $4000 a year
Lawn service $1600 a year
Management $6000 a year
Tenants pay there own utilities on separate meters

Buildings in great shape
Map Location – Google Map

 

 

Wholesale Deal: 4bed/2.5 Bath valued at $230K for quick cash sale $165K – No repairs required

Wholesale property for sale in Houston Suburb near “The Woodlands”.  Home is in great shape and tenant occupied please DO-NOT-DISTURB tenants.  They are month to month but been there for 10+ Years and would love to stay, but that is up to the new owners.

Address: 5506 Woodville Ln, Spring 77379-7951, Harris County (google map)

Video Tour of Property: https://drive.google.com/file/d/1Z5eycuYTCFpUKlg0f3CCleIJGmDbQ7Bm/view

Photos of Property: https://photos.app.goo.gl/oiuDY9Ng89Tx7Hzn7

FEATURES

• NEVER Flooded
• Worth $230,000 to $280,000  (View Comparable Market Analysis)
• Needs little or no repairs
• Granite Counters
• Wood Floors
• Currently rented out for $1500 a month (average for this area is $1750)
  • Tenants been living in the home for 10+ Years and would love to stay
  • Lease is on month to month if you need them to vacate

 

Zillow Values Homes at $224,000 and Rent Average is $1750 per month

 

Tax Rate:

Tax Year	Total Tax	Change ($)	Change (%)
2015	$5,490
2016	$5,505	$15	0.27%
2017	$5,502	-$3	-0.05%

Characteristics

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Land Use – CoreLogic:	SFR	Half Baths:	1
Land Use – County:	Res Imprvd Table Val	Fireplace:	Y
Land Use – State:	Resid Single Family	Fireplaces:	1
Lot Acres:	0.2176	Elec Svs Type:	Y
Lot Sq Ft:	9,480	Cooling Type:	Central
# of Buildings:	1	Heat Type:	Central
Building Type:	Single Family	Porch:	Open Frame Porch
Bldg Class:	R	Porch Sq Ft:	100
Building Sq Ft:	2,624	Patio Type:	Concrete/Masonry Patio
Gross Sq Ft:	2,624	Patio/Deck 1 Area:	117
Above Gnd Sq Ft:	2,624	Patio/Deck 2 Area:	65
Ground Floor Sq Ft:	1,686	Parking Type:	Detached Frame/Concrete Block
2nd Floor Sq Ft:	872	No. Parking Spaces:	MLS: 2
Stories:	2	Garage Type:	Detached Garage
Condition:	Average	Garage Capacity:	Tax: 1 MLS: 2
Quality:	Good	Garage Sq Ft:	484
Total Rooms:	7	Foundation:	Slab
Bedrooms:	4	Exterior:	Frame Concrete Block/Brick
Total Baths:	Tax: 3 MLS: 2.1	Year Built:	1982
MLS Total Baths:	2.1	Effective Year Built:	1982
Full Baths:	2

New Hardy Plank and Paint

Needs only a power wash and landscaping

Eado Pre-Listing 3bed 2.5bath + Front Extra Parking + Yard!

Address: 2110 Winbern Houston, TX 77004
List Price: $364,750
Market Analysis (True Value): 420K+ (view C.M.A. “comparable market analysis”), these are homes that sold nearby that have similar livable square footage, similar lot size, and similar condition.

Builder: Alexan builders
Market: Eado / Downtown
Status: Pre-Listing – Exclusive previewing before market

Bedrooms: 3 Large Spacious Bedrooms all bedroom on 2nd level
Bathrooms: 2.5 baths = 2 Full bathroom for bedrooms on 2nd level and one half bath for guest on 1st level
Livable Square Footage: 2450 sqft
Lot Size: 2500 sqft
Stories: 2 Story which is very rare in this area full of 3-4 stories.

Additional Features:

• Home Automation thru Apple (HomeKit)
• Hardwood Floors, Porcelain Tile in wet areas (baths, kitchen)
• 2 Extra Front Parking Spaces
• 2 Garage Spaces with Extra Storage
• Security cameras and system
• Porcelain tile
• Stone frontage
• Surround sound
• Stainless Steel Appliances

Shown only by appointment only please do not disturb occupants.  Call Allen at 832-305-7653 it may be sold BEFORE it ever goes on HAR / Listed.

Energy Efficient Features:

Attic Vents, Ceiling Fans, Digital Program Thermostat, Energy Star Appliances, Energy Star/CFL/LED Lights, High-Efficiency HVAC, HVAC>13 SEER, Insulated Doors, Insulated/Low-E windows, Insulation – Batt, Insulation – Blown Cellulose, North/South Exposure

Houston Hotel Pre-Listing Not On Loopnet or Listed – Pocket Listing

Price: $2,500,000

Flag: Independent

Rooms: 32

Location: Northwest Houston

Year Built: 2018

Financials: None – Opening doors October 1st 2018

Land Size: 1 Acre

Features: New FF & E,  Freeway Viewability, Excellent location, Start business quickly, turnkey, ready for business in 30 days or less.

Bond …. James “Bond” — What is a Bond?

Bond

A bond is a fixed income investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate. Bonds are used by companies, municipalities, states and sovereign governments to raise money and finance a variety of projects and activities. Owners of bonds are debtholders, or creditors, of the issuer. Example:  You give $10,000 for a bond to a company… they pay you 5% interest …. but they invest in project earning 10% … so everyone wins.  Much better then 1-2% in the bank =(

(Houston, TX) – Baytown Hotel 30 Rooms For Sale Cheap $675K – Plans, Permits + Land!

30-70 room exterior corridor, proposed on 1-2 acre development.

Address: 7851 N 146, Baytown, TX 77521 (Houston Suburb / 20 Min from Downtown)

• List Price: $675,000 (1 Acre with 30 Room Permits/Plans)
  • Total Projected Turnkey cost of $2.5M – Includes FFE, Land, + Construction
    • Total Building Construction is 17,279 sqft
• 1 Acre has been sold next door 08/28/2018 — **** SOLD  ****
• Includes:
  • 1 Acre of Unrestricted Commercial Land
  • APPROVED Plans from the City of Baytown & County
    • Note: The county will NOT give any more permits for hotels, this is the last permit available in the entire county.
  • Permits
  • Architecture including;
    • Mechanical
    • Plumbing
    • Electrical
    • Interior / Exterior
    • Plans are designed with a manager’s quarters thus hedging labor costs via management on site.
  • Independent Hotel (non-flag)

Financial Forecast:

• Option #1 – Forecast – 30 Room
  • Proforma Revenue @ $75 Average Daily rate = $810,000
  • Stabilized revenue @ 65% occupany @ $75 ADR = $525,000

Financial Note:

30 Year Old Hotel is currently being sold for $70,000 per room in Baytown, just 1 Mile vicinity

Super Location in front of Super Walmart & Freeway

• I-10 Viewability (100,000+ Cars Per Day)
• TX 146 Frontage and viewability
• Located in front of 24 Hour Super Walmart (4500+ average customers per day)
• Located in front of 500+ Sub Division

$1.2B+ in Baytown Corporate Expansion in 2018

Nearly 500+ Million is being spent on Plant Expansions.  Exxon and Chevron have started their plant expansions in Baytown in 2018.  Multiple plants are expanding to keep up with the world wide demand for plastics.

• Exxon
  • ExxonMobil Starts Up New Ethane Cracker in Baytown, Texas
    — Read More from Exxon – Exxon Baytown Plant Expansion News
• Chevron
  • Chevron also expands into Ethane Cracker in Baytown Texas –
  • — Read More from Chevron – Chevron Expansion News in Baytown Texas
• Hexion
• Texas Brine
• Duna-USA
• Many other plants surround the Baytown area

Facts about Hotel Industry in Baytown

• Demand is high to reach a consistent occupancy of 65%
• ADR (Average Daily Rate) of $75
• Solid location off of 1-10 and 146, with new rooftops by Lynnwood homes, and new retail construction.
  • 60,000+ cars per day
• Land price via comparable is coming in at 15.00 a sq/ft

Management Available For Maximum Return on Investment

• Establishing new relationships at 2% of GRR
  • Normal percentage is 4-5%, however we are looking to expand our growth market and offering 2% to earn your business.
• 25+ years of experience of hotel management
  • 500+ Hotels including the following flags;
    • Intercontinental Hotels
    • La Quinta
    • Choice Hotels
    • Wyndham Hotels
    • Marriott
    • Hilton
    • Various Independent
• Revenue Management
• Sales/Marketing Audit
• Asset Assessment
• Hotel Strategic Planning
• Award winning team

Realtors Flip Money, Don’t Trick Money!

We all keep getting emails from other realtors, investors, Ugly Homes, Wholesalers…. etc… “Hey … just checking in to see if you have any fixer uppers or ugly homes that are off market”  or my fav… “You have any off market deals?”…

Why do you think they want them?

They want them at a very good deal, not any where near market value and they are willing to pay you your commission for it…. wow so $3000-6000 woohoooo! Time to Retire!  You will spend that money in a heartbeat… hell you can spend that in a weekend! lol….

So here’s what i’m pitching – (yes my pitch)

Let’s team up!  50/50 –  You find the deals, I get the funding, we get it fixed then sale it for a big profit… Not $3000-6000 but most likely $30,000-90,000!  My biggest flip was $187,000 profit, another for $310,000.   So i’m not playing and anyone wants to come see my Closing Statements… come on over… I have the proof and closings in HAR.  So you are dealing with the main person,  what i’m doing is looking to partner up with Go-Getters and people who want better in there life, BUT ARE WILLING TO PUT IN THE WORK.

Interested?

Let’s make it easy….

1. Find a deal of a house (look for sellers who are SUPERRRRRR MOTIVATED)
   1. Looking for something that is 50-60% of market value
   2. another 15% or less for repairs
   3. then we sale for the 25%+ profit
   4. then we split profits
   5. easy as that….

Who is Allen Jimenez at USPrimeLending.com

• Nearly 15 years in real estate
• Real estate broker / Mentor
• Commercial Mortgage Broker for about 10 years now… (time flys)
• Wholesale Trainer / Mentor
• Construction Company Owner
  • Built homes from scratch
  • Designed homes from scratch
  • Thorough understanding of the City Permit Process
  • Re-Model Homes
    • My first rehab was a 70k condo on Westheimer about 14 years ago
    • My current rehab is http://www.1AcreHouse.com
    • My previous rehab just completed and sold is 827 w. 19th
    • My previous inv was 825 w 19th –
    • the list goes on and on

 

IF YOUR FULL OF EXCUSES DON’T CONTACT ME

IF YOU THINK YOU CAN’T DO IT THEN DON’T CONTACT ME

IF YOU’RE NOT WILLING TO DO HARD WORK DON’T WASTE MY TIME…

 

 

August 18th 2018 – Commercial Real Estate News

Market Intel:

• As expected, there was no change the Fed funds target rate range which remains at 1.75% to 2.00%.  The August statement was nearly identical to the June statement with very minor teaks to the language.  The FOMC upgraded their assessment of current economic conditions, describing economic activity as “strong” rather than merely “solid” as in the June statement – a nod to the 4.1% Q2 GDP print that was released last week.
  • Bottom-line: Get ready for another quarter point interest rate hike from the Fed at the next FOMC meeting on September 26th and again in December.  The outlook for additional rate hikes in 2019 remains clouded.  While U.S. growth has been impressive of late, aggressive interest rate hikes next year could put the expansion at risk.
• On the trade front, the U.S. trade deficit widened by $3.1b to $46.3b in June
• Global stock markets are selling-off in response to fears of an escalating trade war between the U.S. and China.
• On the domestic front, the labor market continues to shine. Initial jobless claims were 218,000 for the week ending July 28, up just 1,000 from the previous week and below the consensus estimate of 220,000
• Real consumer spending came roaring back even stronger than we estimated in the second quarter, rising 4.0% annualized up from a downwardly revised 0.5% growth rate in the first quarter.

Owner-User RE Financing:

SBA 504 & 7a (51% or more owner-occupied)

• Up to 90% financing
• 25 year fixed available on SBA 504 1^st and 7a loan programs
• NO covenants below $2.5mm in loan proceeds
• Flexible prepay
• Up to 90 day rate lock available

Conventional (below 50% still qualifies)

• Up to 80% LTV
• Up to 20 years fixed
• NO covenants below $2.5mm in loan proceeds
• Flexible prepay
• Up to 90 day rate lock available

 

Non-Conventional Lending

• Up to 80% LTV
• Rates start at 7%
• Can be interest only
• Great for clients who cannot go to a lending institution for a loan.
  • No taxes
  • No income
  • Not excellent credit

10.5% Return on Investment Annually, Guaranteed with Real Estate with 35%+ Equity

• Citgo Gas Station
• Owner owned since 1994
• No late payments or missed payments in nearly 20 years!
• High volume store – last year 2017 tax returns show $1.7M Gross Receipts and $1.6m for 2016
• His balloon payment is due soon
• We need a lower interest rate
• No contract on gas
  • No jobber
• Perfect payment history on property – no late pays ever
• Would like a 9% Interest Rate with at least a 5 year balloon / amort. over 15 years
• Very secure investment
• Property appraised over $1.2M thus at 65% Loan To Value
  • If owner forecloses lien holder obtains property with 35%+ equity
  • Lien holder cannot lose

REAL ESTATE ON HARD CORNER + C-STORE + RESTAURANT + UHaul Biz + Washateria for $599K

NEWLY RENOVATED shopping center very close to Downtown Houston with tenants in place with long term leases with over $48,000 in annual rental income + grocery store business is INCLUDED with the sale.   Liquor license, lottery permits have been applied ,

Features:

• Freeway view-ability (hwy 59)
• 30,000+ cars per day at intersection
• extreme future growth in area
• Signalized hard corner
• Remodeled shopping center
• Grocery store business goes with location

Income as of 09/21/2018

		Average Net (monthly)
Grocery	5500-6000 (Beer license will be active 10/2018 this will increase sales)	$1760
Parking Leased	250-400	$325
Lotto	600-800	$35
Gambling Machines	700-800	$525
Washer & Dryer	($25,000) Pro Forma – Plans Done	($18,000) Proforma
Restaurant	800	$800
UHaul	2000	$1800
Total Now		$5245
		($23,245 proforma)

For Address: E-Sign Agreement and Disclosure

High Cap Rate Shopping Center Nearly 9% Class A-B Houston For Sale

For Sale

10,000 sqft shopping center on 1 acre of land, Class B- Shopping Center.  Offered for cheap at $599K with 100% Occupied and generating nearly $60,000 Net Operating Income – (Take home after expenses)

Price $599,000K+

Price/SF $61.28

Cap Rate near 10%

NOI $57,510

Sale Type Investment OR Owner/User

Status Active

 

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Innerloop Houston Shopping Center in great area of Houston with Near 8.5% Cap Rate at $3M – 100% Occupied Class A Shopping Center

Cheap Hard Corner with BIG Building on nearly 1 Acre forsale in $400’s! Perfect for Gas Station – C-Store – Retail

Land: 31,000 sqft and building 8600 sqft, perfect for development just outside INNERLOOP huge 8k building on nearly 1 ACRE with 20,000 Cars Per Day Traffic forsale in $400’s! Call 832-305-7653 NOW b4 its gone! Perfect for retail, gas station, c-store

25K SQFT BLDG forsale in $400’S & POPEYE’S FORSALE 8% CAP RATE $1.9M

Baytown huge building 25,000 sqft of leaseable space is occupied by one tenant on lower level, and has another 12,500 sqft on top level for space.  On corner on one of the busiest streets in Baytown, perfect for c-store.  Super Cheap!

Details: Popeye’s location for sale the fee simple interest (land & building) in a freestanding, single-tenant, NNN leased Popeyes (the “Property”) located within the North Houston Business District in Houston, Texas. The Property is operated by the nation’s largest Popeyes franchisee, HZ Southeast Props, LP, who is a multi-brand operator based out of Houston, TX with more than 270 Popeyes restaurants in 7 states, 26 other La Madeleine French Bakery & Cafe concepts, and having an annual revenue in excess of $500 million and ambitions to reach more than 1,000 units in the next five years. The lease features rare annual rent increases (2.36% – 3.00%) throughout the Primary Term and each Option Period remaining, 3 (5-year), generating steady NOI growth and hedging against inflation.

1.35 Acres with Building (old gas station) – Across From Major Shopping Center only $600K+

Old Gas Station on Super Busy Street (46,000 cars per day) on 1.35 Acres – SOLD FOR LOT VALUE ONLY !!! in $600’sK – NO INSIDE SALES HISTORY – NO OUTSIDE SALES HISTORY – NO Contract on Gas – Sold for DIRT VALUE – Great location to renovate old gas station or make shopping center or apartment complex.  It is next to a 80 Unit Class A apartment complex now.

Need Address E-Sign Agreement: https://app.hellosign.com/s/fbefe2f1

What is Debt-Ratio and how do lenders use it?

Basically it is a ratio of debt vs assets.  Many lenders view this ratio as a way to determine the company’s / persons financial strength.  A lender will view a person with small debt vs large assets much better then a person with a lot of debt and very little assets.  It is pretty much common sense, for example;

You have 10,000 debt but have 100,000 in assets thus you have a 1/10th Debt Ratio (10%).  A lender has a breaking point such as .43 in FHA / Fannie Mae, once reached you are disqualified from the loan.  So keep debts down as it can disqualify you for an investment opportunity.

HOUSTON Gas Station / C-Store forsale in $600’s

Gas Station with 2 new pumps updated in 2003 and tanks for sale in Houston Texas.
Inside Sales: $30,000-$35,000
Outside Sales: $4000-5000
Lottery: $1000-$2000

Lot Size 27,000 sqft

Need Address E-Sign Agreement: https://app.hellosign.com/s/fbefe2f1

 

20 Unit Apt Complex – Class B at 10% Cap Rate – (Houston, TX)

20 Unit Apartment Complex for sale in Houston Texas at nearly 10% Cap Rate asking price 1.2M.  100% Occupied and long term leases in place.

For Sale

Price $1,280,000 Negotiable

Price/SF $68.82

Cap Rate 9.12%

NOI $116,736

GRM 9.12

Sale Type Investment

Status Active

On Market 2 Days

Last Updated May 2, 2018

Update

Condo

Unit 20 Units

Condo Size 18,600 SF

Condo Type Office