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NY RICH INC. Real Estate Investments
Home
About Us
Contact Us
Real Estate Properties
  • Texas Florida Properties
  • Florida Properties 2
Real Estate Software
Privacy Policy
More
  • Home
  • About Us
  • Contact Us
  • Real Estate Properties
    • Texas Florida Properties
    • Florida Properties 2
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  • Home
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  • Contact Us
  • Real Estate Properties
    • Texas Florida Properties
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NY RICH INC & ASSOCIATES: TEXAS & FLORIDA commercial real estate homes

HOUSTON TEXAS PROPERTIES

79 UNIT EFFICIENCY RENTALS AROUND HOUSTON,TX *VALUE-ADD POTENTIAL *FOR SALE $4,150,000

24 DOORS  for  $1,150,000 

22 DOORS  for  $1,350,000 

25 DOORS  for  $1,200,000 

7 DOORS  for  $450,000

IT NEEDS  $10,000 - $25,000  IN REPAIRS PER PROPERTY


We have a 79 total efficiency units in Houston, Tx . The units are 98% Occupied Weekly Rental Units 9.38% cap rate based on actuals. 11.5% Cap Rate if Owner Occupied and Managed! These can be purchased separately or all together. These units have been rehabbed and are ideal for an owner/operator. POF OR PRE-APPROVAL WILL BE REQUIRED IN ORDER TO GET THE ADDRESS. NO EXCEPTIONS 

 $10-20,000 NON-REFUNDABLE DEPOSIT LOCKS THIS DEAL UP

 

CLICK LINKBELOW FOR PHOTOS & FINANCIALS 


https://www.dropbox.com/scl/fo/5uygwtozaww5c39wstzss/h?dl=0&rlkey=yozflnvulmnychgwlfmkyrpmx

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*** WE HAVE A 300 UNIT PORTFOLIO IN HOUSTON ALL WITHIN WALKING DISTANCE OF EACH OTHER FOR $24 MILLION! ASK ME FOR DETAILS ***

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WE HAVE 5 UNITS IN THE HEIGHTS WITH LOW RENTS FOR $865,000!!!


WE HAVE THE 22 ACRES IN MELISSA,TX AVAILABLE!!


THE 280 UNIT COMPLEX BUILD IS STILL AVAILABLE IN RICHMOND


WE HAVE THE 20,34 AND THE 2, 7 UNITS AVAILABLE!!!!


THE MOTELS ARE AVAIALBLE!!!!!


THE LARGE STRIP CENTER IS AVAILABLE!!!!***********


CAN PROVIDE PHOTOS & FINANCIALS

74 UNIT MOTEL IN PASADENA, TX ON 7.42 ACRES.

FOR SALE $4,300,000

CONVERT TO COMMERCIAL OR BUILD UNITS FOR MULTI FAMILY  

LAND SQ FT 323,333

BLDG SQ FT 61,116

1/1 UNITS  28 total

MOTEL UNITS 46 total

IT NEEDS $35,000-DEPENDS IN REPAIRS


We have a motel in Pasadena sitting on 7.42 acres. You can turn this into a commercial property, add units and make it a MF complex or you can tear down the current structure and start all over. 60 units were demoed and can be rebuilt as well. POF OR PRE-APPROVAL WILL BE REQUIRED IN ORDER TO GET THE ADDRESS. NO EXCEPTIONS.

$35,000 NON-REFUNDABLE DEPOSIT LOCKS THIS DEAL UP


PLEASE CLICK ON THE BLUE DROPBOX LINK FOR PHOTOS

https://www.dropbox.com/scl/fo/nnpqwrcgvwakexrhd9iw8/h?rlkey=2nvo3e7i7hql95khj69xh1auo&dl=0

60 UNITS IN SOUTHWEST HOUSTON,TX VALUE-AD ASSUMABLE NOTE

FOR SALE $5,250,000

LAND SQ FT 81,568

BLDG SQ FT 51,440

RAISE RENTS 

1/1 UNITS 39 total

2/2 UNITS 21 total

IT NEEDS   $35-$60,000 IN REPAIRS


We have a 60 unit complex in Southwest Houston for sale. It has 39, 1 bed 1 bath units and 21 2 bed 2 bath units. There are 4 vacant units currently. Most of the units are rehabbed, but some of the longer term tenants need updating. All the AC units have new coils. Rents need to be increased. The owner is building anew laundry room and it will have 5 washer and 4 dryers that will be owned by the complex. The parking lot is gated and tenants enter the front securely as well. 


The loan is assumable at 4.16% interest, $3.3 Million balance and matures in 2026. 

* POF OR PRE-APPROVAL WILL BE REQUIRED IN ORDER TO GET THE ADDRESS. NO EXCEPTIONS.

$35,000 NON-REFUNDABLE DEPOSIT LOCKS THIS DEAL UP


PLEASE CLICK ON THE BLUE DROPBOX LINK FOR PHOTOS

https://www.dropbox.com/scl/fo/7ms9x9zcd4tn984xuxsqn/h?rlkey=r2f3mlvf10i07n0ub8565bp2i&dl=0


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WE HAVE THE MOTELS AVAILABLE!!

WE HAVE THE 400,79,61,219,136 AND THE LAND DEALS FOR SALE!!!

WE HAVE 5 UNITS IN THE HEIGHTS FOR $865,000!!

WE HAVE 22,28 AND 7 UNITS AVAILABLE!!!!

THE LARGE STRIP CENTER IS AVAILABLE!!!!***********

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** 4 UNITS CLOSE TO TSU WITH 2 LARGE UNITS REHABBED AND NEEDING **

** FOR SALE  $625,000

BLDG SQ FT 4,928

LAND SQ FT 6,300

2)  2 BEDS 2 BATHS UNITS

2)  1 BED 1 BATH

IT NEEDS $3-$5,000 IN REHAB

 

We have a 4 units near TSU in 77004 for sale. There were originally 6 units, 4 units in the front and 2 in the back, but the owner turned the 4 units into 2 large 2 bed 2 bath units. These units have been rehabbed and only need carpet in the bedrooms in order to rent them out. The tenants in the 2 units in the back are MTM with low rents and those units need to be rehabbed. Rents range from $1,750-$1,850 a month for the 2 large units. Proforma cap rate is 7.73 when full and rents raised. A POF OR PRE-APPROVAL LETTER IS REQUIRED TO GET THE ADDRESS. NO EXCEPTIONS.

$7,000 NON-REFUNDABLE DEPOSIT LOCKS THIS DEAL UP


34 UNITS EAST OF DOWNTOWN HOUSTON,TX VALUE-AD ASSUMABLE NOTE

FOR SALE $1,850,000

LAND SQ FT  50,760

BLDG SQ FT  11,916

EFFICIENCY  30

1 BED/ 1 BATH  4

IT NEEDS   $20,000-25,000 IN REPAIRS


We have a 34 unit complex east of downtown Houston outside loop 610. The assumable note is for 2.5 more years @ 4.4% interest and the balance is $1.4M. The monthly payment is $8,048. There are 34 efficiency units and 4, 1 bed 1 bathroom units. All units have granite countertops, renovated bathrooms with new tubs. They also have new flooring and paint. Roofs are in good shape. There is room to raise rents. The owner has put a lot of money into this complex and there is still plenty of VALUE ADD to do. Rents can be raised and some cosmetic work can be done. 


* POF OR PRE-APPROVAL WILL BE REQUIRED IN ORDER TO GET THE ADDRESS. NO EXCEPTIONS. DO YOUR OWN DUE DILIGENCE.

$10,000 NON-REFUNDABLE DEPOSIT LOCKS THIS DEAL UP


* Click Link Below to View Photos & Financials


https://www.dropbox.com/scl/fo/sr8mjqpob76it1wwquijx/h?dl=0&rlkey=us90vu44l5qcpmqgoccq1ssqt


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WE HAVE THE MOTELS AVAILABLE!!

WE HAVE THE 400,79,61,219,136 AND THE LAND DEALS FOR SALE!!!

WE HAVE 5 UNITS IN THE HEIGHTS FOR $865,000!!

WE HAVE 22,28 AND 7 UNITS AVAILABLE!!!!

THE LARGE STRIP CENTER IS AVAILABLE!!!!***********

______________________________________________


** 4 UNITS CLOSE TO TSU WITH 2 LARGE UNITS REHABBED AND NEEDING **

** FOR SALE  $625,000

BLDG SQ FT 4,928

LAND SQ FT 6,300

2)  2 BEDS 2 BATHS UNITS

2)  1 BED 1 BATH

IT NEEDS $3-$5,000 IN REHAB

 

We have a 4 units near TSU in 77004 for sale. There were originally 6 units, 4 units in the front and 2 in the back, but the owner turned the 4 units into 2 large 2 bed 2 bath units. These units have been rehabbed and only need carpet in the bedrooms in order to rent them out. The tenants in the 2 units in the back are MTM with low rents and those units need to be rehabbed. Rents range from $1,750-$1,850 a month for the 2 large units. Proforma cap rate is 7.73 when full and rents raised. A POF OR PRE-APPROVAL LETTER IS REQUIRED TO GET THE ADDRESS. NO EXCEPTIONS.

$7,000 NON-REFUNDABLE DEPOSIT LOCKS THIS DEAL UP


143 UNITS PORT ARTHUR, TX HALF FULL WITH AN * ASSUMABLE N0TE

FOR SALE $6,250,000

LAND SQ FT  123,275

BLDG SQ FT  51,756

1/1-1.5 BED   67  UNITS

2/1.5 BED  53  UNITS

3 BED/ 2 BATH  19  UNITS

IT NEEDS  $650-$850,000  IN REPAIRS


 

We have a 143 unit complex in Port Arthur. This property is 50% vacant. Built in 1974, this property needs a little bit of everything. This property has a good mix of units with 67 1 bed/ 1 baths, 31 2 bed/1 baths, 22 2 bed/ 1.5 bath, 8 2 bed/ 1 bath and 19 3 bed/ 2 bath townhome units. Laundry rooms on site are NOT in operation and they have covered parking with outdoor storage units that they rent out to the tenants monthly. The property is approved for housing in Port Arthur. Units need to be turned over and new management as well. THE ASSUMABLE NOTE HERE IS FOR 3.94% UNTIL 2028. POF OR PRE-APPROVAL WILL BE REQUIRED IN ORDER TO GET THE ADDRESS. NO EXCEPTIONS. DO YOUR OWN DUE DILIGENCE.

$50,000 NON-REFUNDABLE DEPOSIT LOCKS THIS DEAL UP


CLICK LINK BELOW TO VIEW PHOTS AND FINANCIALS


https://www.dropbox.com/scl/fo/3ixzldx8mxqqm92zkqt0z/h?rlkey=sygpb1qgapwi4p3m9dcattmfj&dl=0


WE HAVE THE MOTELS AVAILABLE!!


WE HAVE THE 400, 79, 61, 219, 136 AND THE LAND DEALS FOR SALE!!!


WE HAVE THE 80 ACRES IN MELISSA FOR HOUSES AND APARTMENTS

TEXAS PROPERTIES

500 UNIT MULTI-FAMILY DEVELOPMENT OPPORTUNITY WITH P&Z & CITY COUNCIL APPROVALS. Price: $14 Million

GET IN ON THE GROUND FLOOR FOR THIS NEW HOUSING DEVELOPMENT.

MELISSA, TEXAS 


  •  Will subdivide into two 250 units. 
  •  All Utilities available on site. 
  •  Road development to site will be completed by developer. 
  •  Property has views of park and trails, with walking trails. 
  •  Restaurants and retail walkability Easy accessibility to Hwy 75
  •  Collin County Outer loop within 2 miles 3 minute driving distance to McKinne 


 PROPERTY REQUIREMENTS Property has views of park and trails, with walking trails. Restaurants and retail walkability Easy accessibility to Hwy 75 Collin County Outer loop within 2 miles 3 minute driving distance to McKinney Price: $14M Will subdivide into two 250 units. All Utilities available on site. Road development to site will be completed by developer. PARKING REQUIREMENTS: 1.5 SPACES PER 1 BEDROOM UNIT, 2 SPACES PER 2 BEDROOM UNIT, AND 2 SPACES PER 3 BEDROOM UNIT OR LARGER COVERED PARKING AND DETACHED GARAGES : PARKING UNDER BUILDINGS (1 STORY) WILL BE COUNTED TOWARD COVERED PARKING REQUIRMENTS MINIMUM UNIT SIZE: 700 SQFT FOR 1 BEDROOM; 900 SQFT FOR A 2 BEDROOM UNIT; 1,000 SQFT FOR A 3 BEDROOM UNIT MAXIMUM DENSITY: THE LESSER OF 27 UNITS/ACRE OR 500 UNITS MAXIMUM HEIGHT: 55 FT/ 4 STORIES (1 STORY ON THE BOTTOM FLOOR TO ALLOW FOR PARKING) LOT AREA PER UNIT: 1,600 SQFT PER UNIT ELEVATOR: REQUIRED MINIMUM OPEN SPACE: 20% + OFF-SITE 


CAN PROVIDE DOCUMENTS, PHOTOS & FINANCIALS 

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WE HAVE 478 UNITS IN HOUSTON THAT NEED WORK AND HAVE MANAGEMENT ISSUES FOR $21 MILLION!!! ASK ME!!


WE HAVE 3 LAND DEALS FOR BUILD TO RENT COMMUNITIES!


WE HAVE 136 UNITS FULLY REHABBED


WE HAVE THE 292, 219, 79 AND 34 UNITS FOR SALE


WE HAVE THE 400 UNITS AVAILABLE


WE HAVE THE 9.5 ACRES IN RICHMOND FOR APARTMENTS


WE HAVE THE 22 AND 17 ACRES IN MELISSA FOR APARTMENTS



*** WE HAVE A 300 UNIT PORTFOLIO IN HOUSTON ALL WITHIN WALKING DISTANCE OF EACH OTHER FOR $24 MILLION! ASK ME FOR DETAILS ***


***  WE HAVE 292, 400 AND THE 136 UNITS AVAILABLE!!!! ***


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THE 280 UNIT COMPLEX BUILD IS STILL AVAILABLE IN RICHMOND


WE HAVE THE 20,34 AND THE 2, 7 UNITS AVAILABLE!!!!


THE MOTELS ARE AVAIALBLE!!!!!


THE LARGE STRIP CENTER IS AVAILABLE!!!!***********


CAN PROVIDE PHOTOS & FINANCIALS

Apartment Building

54 UNITS IN PAMPA,TX WITH LOW OCCUPANCY, VALUE ADD

FOR SALE $1,700,000

LAND SQ FT   17,990

BLDG SQ FT   34,257

1 BED/ 1 BATH   45

2/1--3/2    7--1

IT NEEDS  $10,000 - $15,000  IN REPAIRS


We have a 54 unit complex in PAMPA, TX  Which is Northeast of Amarillo. It currently has 25 vacancies.  Owner has in put $65,000+ in cap X upgrades including updating the flooring, converting two one bedroom units into the 3 bedroom.  There are still several value add projects that can be done for this project. The flooring has been done in a majority of the units and they have flooring to complete most, if not all the remaining units.  POF OR PRE-APPROVAL WILL BE REQUIRED IN ORDER TO GET THE ADDRESS. NO EXCEPTIONS.

BELOW IS A SLIDESHOW OF THE PROPERTY

https://www.asteroom.com/pviewer?hideleadgen=1&token=kFPZCAlz1EqPd6WVi8sHHQ

$20,000 NON-REFUNDABLE DEPOSIT LOCKS THIS DEAL UP

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WE HAVE THE 79 EFFICIENCY UNIT MOTELS AVAILABLE!!!!!


WE HAVE THE 22 ACRES IN MELISSA THE 25 ACRES IN PORT ARTHUR


AND 10 ACRES IN RICHMOND TO BUILD APARTMENTS!!


WE HAVE 292, 400 AND THE 136 UNITS AVAILABLE!!!!


CAN PROVIDE PHOTOS

25 ACRES FOR COMMERCIAL OR MULTI-FAMILY IN PORT ARTHUR!

FOR SALE $2,900,000

* OWNER FINANCING AVAILABLE WITH 25-30% DOWN


LAND SQ FT  1,263,240 


 25 ACRES FOR RESIDENTIAL OR MULTI-FAMILY IN PORT ARTHUR NEXT TO A NEW CLASS A RV PARK!! 

 

FOR SALE  $2,900,000 

LAND: 25 ACRES

BUILD: 240 APARTMENTS

BUILD: HOUSES OR STORAGE

BUILD: CLUB HOUSE 

IT NEEDS DEPENDS ON STRATEGY IN REPAIRS


 

We have a 25 acre tract in Port Arthur for sale. OWNER FINANCING AVAILABLE WITH 25-30% DOWN. The land is NOT entitled, zoned or permitted at this time. You can build anything you want here. This will have an A class RV park next to it with 265 spaces and plenty of amenities. The owners of the park will assist anyone with the drainage as they will have a large pond in the park. You can build houses, storage, commercial or a large apartment complex. The site can hold up to 240 units with a clubhouse and office. The front part of the site can have commercial space as well with a gas station or fast food restaurant. The dropbox has a site plan for the RV park, but shows the vacant land next to it. The area is close to several refineries and the demand for housing is high. POF OR PRE-APPROVAL WILL BE REQUIRED IN ORDER TO GET THE ADDRESS. NO EXCEPTIONS

$25,000 NON-REFUNDABLE DEPOSIT LOCKS THIS DEAL UP


https://www.dropbox.com/scl/fo/6zsulqxkd1kpsyvbwdvdt/h?dl=0&rlkey=s90icagn4sflidzb2swuo0xhj


WE HAVE THE 79 UNIT MOTELS AVAILABLE


WE HAVE 22 AND 24 ACRES IN MELISSA,TX FOR APARTMENTS


WE HAVE THE 400, 136 AND 292 UNITS AVAILABLE


WE HAVE THE 9.5 ACRES IN RICHMOND FOR APARTMENTS


WE HAVE THE 29 ACRES IN SHERMAN FOR BUILD TO RENT

29 ACRES IN SHERMAN FOR A BUILD TO RENT COMMUNITY

FOR SALE $6,500,000

LAND SQ FT  1,263,240 


 29 ACRES IN SHERMAN FOR A BUILD TO RENT COMMUNITY. LOTS OF GROWTH COMING TO THE AREA WITH NEW CHIP FACTORIES AND JOBS  Have the site plan, environmental, traffic study and survey. This site can hold 320-350 units. The site has utilities across the street, the sewer will need to be run and the city will help with that expense. Sherman is going to be home to the Texas Instruments new chip factory as well as Globitech. Apple and Intel are also planning expansion projexcts in Sherman.  POF OR PRE-APPROVAL WILL BE REQUIRED IN ORDER TO GET THE ADDRESS. NO EXCEPTIONS. 

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WE HAVE THE 79 EFFICIENCY UNIT MOTELS AVAILABLE!!!!!


WE HAVE THE 22 ACRES IN MELISSA THE 25 ACRES IN PORT ARTHUR


AND 10 ACRES IN RICHMOND TO BUILD APARTMENTS!!


WE HAVE 292, 400 AND THE 136 UNITS AVAILABLE!!!!


CAN PROVIDE PHOTOS

11 UNITS ALREADY REHABBED AND FULLY OCCUPIED EAST DOWNTOWN

FOR SALE $775,000

 1 BEDROOMS - 2

STUDIOS - 4

2 BEDROOMS - 4

3 BEDROOMS - 1

IT NEEDS  $2,000 - $4,000 IN REHAB

 

We have an 11 unit property east of downtown Houston for sale. The property has been rehabbed and needs minor touch ups. The property is fully occupied, performing at a 12.7% cap at the asking price. There are 5- 2 beds, 1- 3 bed, 2- 1 beds and 4 studios. This is a high rent area and the tenants are MTM. A POF OR PRE-APPROVAL LETTER IS REQUIRED TO GET THE ADDRESS. NO EXCEPTIONS.

$7,000 NON-REFUNDABLE DEPOSIT LOCKS THIS DEAL UP

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 2/1 IN GALVESTON ON A DOUBLE LOT FLIP THIS HOUSE! ARV OF $280-$320,000 

 

FOR SALE  $165,000


LAND SQ FT 6,300

HOUSE SQ FT 1,040

BED 2

BATH 1

IT NEEDS  $45-$52,000 IN REPAIRS


We have a 2 bed 1 bath house in Galveston on a double lot. The roof is 2 years old and it needs flooring refinished, paint and kitchen work. You can also subdivide the lot and build another house or small duplex. Rehab number depends on you finishes. POF OR PRE-APPROVAL WILL BE REQUIRED IN ORDER TO GET THE ADDRESS. NO EXCEPTIONS.

$5,000 NON-REFUNDABLE DEPOSIT LOCKS THIS DEAL UP

PLEASE CLICK ON THE DROPBOX LINK FOR PHOTOS


https://www.dropbox.com/scl/fo/4kpetsso3z4nv2sxt9wzv/h?rlkey=w14z6lux0nymy21vzr3slzjke&dl=0


WE HAVE THE 79 EFFICIENCY UNIT MOTELS AVAILABLE!!!!!


WE HAVE THE 22 ACRES IN MELISSA THE 25 ACRES IN PORT ARTHUR


AND 10 ACRES IN RICHMOND TO BUILD APARTMENTS!!


WE HAVE 292, 400 AND THE 136 UNITS AVAILABLE!!!!


CAN PROVIDE PHOTOS AND FINANCIALS

HOUSE IN HOCKLEY ON 2.5 ACRES. BUILD A NEW HOME OR BARNDOMIN

FOR SALE $470,000

 

1 BEDS - 2

STUDIOS - 4

2 BEDS - 4

3 BEDS - 1

IT NEEDS  $2,000-$4,000 IN REHAB

 

We have a house in Hockley for sale. The area has $1 Million houses and barndominiums in the area. The property sits on 2.5 acres and needs work. Paint, carpet flooring is what is needed in terms of repairs. There is a 1/1 apartment on the property where parents live. Get creative with this deal. We have an older appraisal for $463,000. POF OR PRE-APPROVAL WILL BE REQUIRED IN ORDER TO GET THE ADDRESS. NO EXCEPTIONS.

$7,000 NON-REFUNDABLE DEPOSIT LOCKS THIS DEAL UP

Contact Us For more details and photos.



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7 UNITS EAST OF DOWNTOWN HOUSTON,TX VALUE-ADD POTENTIAL

FOR SALE $450,000

LAND:  5,000 SQ FT

BLDG:  2,004 SQ FT

5) 2 BED/1 BATH

2) 1BED/1 BATH

IT NEEDS $15,000-$20,000 IN REPAIRS


We have a 7 unit complex east of Downtown Houston for sale. There are 5 2 bed/1 bath units and 2, 1 bed 1 bath units. The units are rehabbed an need cosmetic work done. There is room to raise rents. POF OR PRE-APPROVAL WILL BE REQUIRED IN ORDER TO GET THE ADDRESS. NO EXCEPTIONS

$6,000 NON-REFUNDABLE DEPOSIT LOCKS THIS DEAL UP

Can Provide Photos and Fincianls Avaible


WE HAVE THE 20, 28 AND MOTELS AVAILABLE. WE HAVE THE 2 LAND DEALS AS WELL!!!!!*********** 


THE LARGE STRIP CENTER IS AVAILABLE!!!!***********

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 *** SINGLE FAMILY FIX AND FLIP LAMARQUE, TEXAS ***


FOR SALE $95,000


LAND SQ FT  7,000

BLDG SQ FT  1,504

BEDS  3

BATHS  2

IT NEEDS  $45-$55,000  IN REHAB


WE HAVE A NICE 3/2, 1,504 SQUARE FEET HOUSE IN LAMARQUE FOR SALE. THE HOUSE NEEDS A FULL RENOVATION AND WE HAVE ESTIMATED $45-$50,000 IN REPAIRS. IT WILL NEED PAINT, FLOORING, CARPET, TILE, KITCHEN & BATHROOM REMODELS ARV PTS THE RESALE BETWEEN $195,000 - $200,000

POF OR PRE-APPROVAL LETTER IS REQUIRED TO GET THE ADDRESS. NO EXCEPTIONS. NO OWNER FINANGING OR SUBTO ON THIS DEAL.

$5,000 NON-REFUNDABLE DEPOSIT LOCKS THIS DEAL UP


WE HAVE THE 80 ACRES HUFFMAN AVAILABLE!!

THE 280 UNIT COMPLEX BUILD IS STILL AVAILABLE IN RICHMOND

WE HAVE THE 20 UNITS IN PASADENA AVAILABLE!!!!

WE HAVE THE 34 UNITS IN EAST HOUSTON AVAILABLE!!!

THE LARGE STRIP CENTER IS AVAILABLE!!!!***********


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 ***  11 ACRES UNRESTICTED IN HUMBLE FOR AN RV OR MOBILE HOME PARK AND STORAGE  ***


FOR SALE $825,000 


LAND SQ FT  479,160 


We have 11 acres unrestricted in Humble for either an RV or Mobile home park or Storage Business. There is a small house and shop on the property that need to be torn down. There are city utilities as well.  POF OR PRE-APPROVAL WILL BE REQUIRED IN ORDER TO GET THE ADDRESS. NO EXCEPTIONS

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*** 12,333 SQUARE FOOT LOT JUST NORTH OF THE HEIGHTS OFF I45 TO BUILD 4-5 TOWNHOMES ***


FOR SALE  $370,000


LAND SQ FT  12,333

BLDG SQ FT  2,816


We have a 12,333 square foot lot in Houston on Enid Street for sale.  You can build 4-5 townhomes on this site and it currently has a small 4 plex there that has to be removed. POF OR PRE-APPROVAL WILL BE REQUIRED IN ORDER TO GET THE ADDRESS. NO EXCEPTIONS.


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***  7.34 ACRES IN GALVESTON'S EAST END FOR A NEW HOTEL!! ***


FOR SALE $9,000,000


SQ FT  319,730

ACRES  7.34

BUILD  250 UNITS

IT NEEDS TO BE BUILT


 

We have a 7/34 acre tract of land in Galveston on the water in the east end. You can build a nice 250+ room hotel here. There are a nice hotels on both sides of this land. POF OR PRE-APPROVAL WILL BE REQUIRED IN ORDER TO GET THE ADDRESS. NO EXCEPTIONS

$15,000 NON-REFUNDABLE DEPOSIT LOCKS THIS DEAL UP


WE HAVE 3 LAND DEALS FOR BUILD TO RENT COMMUNITIES!

WE HAVE 136 UNITS FULLY REHABBED

WE HAVE THE 292, 219, 79 AND 34 UNITS FOR SALE

WE HAVE THE 400 UNITS AVAILABLE

WE HAVE THE 9.5 ACRES IN RICHMOND FOR APARTMENTS

WE HAVE THE 22 AND 17 ACRES IN MELISSA FOR APARTMENTS



North Florida 39 Unit Motel Package

North Florida Motel

Investor Price: $1,699,000*

            41 bed 40 bath 10480 sq ft Built in 1956 Multi-family 

      

  •  Rental Income $37,188 mo. / $446,256 yr.
  • Investor Price $1,699,000
  • Closing Costs to Buy $33,000
  • Rehab Projection $243,000
  • Utilities $25,000
  • Property Insurance $26,000 / yr.
  • Estimated Taxes $15,000 / yr.
  • Property Management $50,000 / yr.
  • Maintenance $40,000 / yr.HOA Dues $0 / yr.
  • $315,256  Projected Income
  • 15.76%  Estimated APY   


Property Details

 

  

An enormous upside opportunity is now available with these 39 units! Equitypro presents these extended-stay motels located in Northeast Florida, and only 40 minutes from Jacksonville.

This opportunity has two locations, one with 20 units and the other with 19 units.  These properties are located on busy US Highway 1 and consist of 37 efficiency units, 3 apartment units, as well as 2 restaurant spaces.  Nightly room rates average $65-$85, however, most occupants rent these units weekly for $270-$280, and the apartments rent for $450-$500 per week. Even with limited management and deferred maintenance, the current occupancy rate hovers around 60%, on average, thus leaving some valuable, value add!

We recommend utilizing one of the apartments as an on-site manager's suite, making improvements to the grounds and interiors, and renting the restaurant spaces for additional income.  We anticipate an approximate 17% yield once weekly rates are raised to $250-$260 and the restaurant is rented at $2000-$3000 monthly. In addition, this portfolio sale also includes an adjacent, vacant 1.78-acre lot that can help further increase cash flow. Furthermore, the current owners have a proposed layout for a 16-pad RV parking, yet with its location and right vision, there still exists additional exit strategies.

Once stabilized, we estimate a market cap rate value of $3,000,000!  This would be an ideal investment to close out your 2023 and potentially minimize your taxable income by writing off the depreciation.  At less than $45k per door, we are anticipating a substantial response to this opportunity. Out of two motels the one motel has a two rooms damaged by smoke & by electric short circuit.  Contact Us For more details and photos.

Seffner, Florida Pool Flip

Single Family house

Investor Price: $295,900*

           2 bed 2 bath 720 sq ft Built in 1966 Single Family  

      

  • After Repair Value $439,900 
  • Investor Price $295,000
  • Closing Costs to Buy $4,000
  • Rehab Projection $63,200
  • Utilities $500
  • Closing Costs to Sell $19,755
  • $57,445 Projected Income
  • 15.02%Estimated ROI 

 

Property Details

 

 Feast your eyes on this block house with mass potential in Seffner, FL. For starters, this is the lowest-priced pool home within a two-mile radius. Situated on a quarter of an acre of land, the property features a two-car garage and in-ground pool. Although this project requires a full rehab, it should garner a great deal of attention once renovations are complete. Comparable sales activity is very strong in this area and availability of pool homes is low. Recently sold pool homes in this zip code are selling within a few days on market and many above list price. Don't miss the chance to turn this diamond in the rough into a lucrative investment. Contact Us For more details and photos.

Tampa, Florida Flip or Rent

Single Family house

Investor Price: $155,000*

          3 bed 2.5 bath 1,651 sq ft Built in 1982 Single Family 

      

  • After Repair Value $269,900
  • Investor Price $155,000
  • Closing Costs to Buy $3,500
  • Rehab Projection $47,000
  • Utilities $500
  • Closing Costs to Sell $12,105
  • $51,795 Projected Income
  • 23.75% Estimated ROI 

 

Property Details

 

 Located in the heart of Tampa, just west of I-275 is this affordable opportunity that presents multiple exit strategies. The two-bedroom, two-bathroom home has been used as a rental for many years and is ready to be polished up, unleashing its true potential. Several desirable features include an attached carport, screened-in porch and large shed. In order to maximize your return on this investment, we recommend a full cosmetic rehab, and a new central A/C unit. The roof is ten years old so we have also budgeted for that. Renovated homes of a similar size and style are breaking $300K in sales price. The comparables used show a promising after-repair value, all within a half-mile radius of the property and most selling within a few days of hitting the market. Furthermore, rental activity is booming in the immediate area, suggesting a market rent of around $1,800/month. Properties at this price point are hard to come by in Tampa  Contact Us For more details and photos.

New Smyrna Beach, Florida Flip

Investor Price: $359,900*

           3 bed 2 bath 1560 sq ft Built in 1955 Single Family 

      

  • After Repair Value $550,000
  • Investor Price $359,900
  • Closing Costs to Buy $7,500
  • Rehab Projection $58,000
  • Utilities $500
  • Closing Costs to Sell $24,750
  • $99,350  Projected Income
  • 22.05%  Estimated ROI 

 

Property Details

 

  Here is an amazing fix and flip opportunity in a fantastic location within New Smyrna beach! This block home boasts 1,560 square feet of living space with 3 bedrooms and 2 bathrooms. We recommend finishing the interior, painting the inside and outside, replacing the roof, HVAC and hot water heater. Once the repairs are finished, there are solid comps to support a high resale value right down the street from the subject property. 

With the concrete block construction and the potential high return, this property makes an ideal candidate for a fix and flip. Large profit deals are few and far between  Contact Us For more details and photos.

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646-281-8619 contact@nyrichinvestments.com

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