NorthPeak Commercial Advisors’ Post

Fully renovated 12-unit apartment complex at 7710-60 North Coronet Court in New Orleans, LA, offers a lucrative opportunity with a potential monthly rent of $16,800, ensuring a robust and immediate cashflow. The current monthly income of $13,307 supasses the 1% rule. The property contains three (3) fully renovated, 2-story buildings that each contain four (4) units. Each unit is approximately 1,263 sf and contains 3 bedrooms and 2.5 bathrooms. There are few properties in the New Orleans East market that offer fully renovated 3 bedroom 2.5 bathroom apartments, making this a highly sought after destination for tenants. Overall, thisis a solid investment opportunity with high inplace cash flow and a great addition to a multifamily portfolio. Bridgewater Realty Advisors 1590 W Causeway Approach #4 Mandeville, LA 70471 504-298-8631 https://lnkd.in/gMfEEriS Licensed in Louisiana MLS #2430142 #commercialrealestate #multifamily #realestate #investing #financialfreedom #neworleans #apartment #buy #sell #realtor

Preconstruction purchases offer a compelling pathway to homeownership due to several key advantages. Purchasing during the preconstruction phase can lead to lower initial costs and potential financial benefits, such as securing the property at a lower price compared to post-construction market values. Additionally, buyers have more flexibility in financing options and payment schedules, making homeownership more accessible. Finally, investing in preconstruction properties can yield significant returns over time, as the value of the property typically appreciates as the development progresses and the surrounding area develops. As is in this case with Bravo Encore by Menkes and QuadReal! Vaughan is changing, there will be a tremendous transformation! Explore acres of parkland with trails and bike paths, and the pedestrian-friendly retail promenade, eclectic bistros, cafes and shops. Be part of a vital new urban community in Vaughan's new downtown. #menkes #urbandevelopment #realestate

Brad Stein, President of Intracorp Homes Texas, recently spoke with Inman on the appeal of the Austin housing market. "I feel really encouraged about this market [Austin] long-term. I think all the fundamentals for a strong housing market still exist in this market. And then Intracorp’s place in this market is that we’re focused on luxury or a second-level move-up urban infill product. And so we’re going to be doing high-rise condos, mid-rise condo projects, townhome projects. We’re going to be doing those in urban infill environments, either downtown, Central Austin, South Austin, East Austin." - Brad Stein, President, Intracorp Homes Texas Read the full interview here: https://lnkd.in/gqiJYAec You can also catch Brad speaking at Inman Connect in Austin on October 9th. Learn more and register here: https://lnkd.in/gv8tJFbv

JUST LISTED! Presenting an exceptional opportunity in the heart of Denver at 13th and Corona Street, this coveted property, under the same ownership for over 25 years, is now available for sale. Comprising 10 one bedroom units, along with one two-bedroom unit, the total of 11 units. Strategically situated in a prime location, the property boasts eight parking spaces at the rear of the building, providing an additional revenue stream. Well maintained, the current operation reflects a 5.4% cap rate, with the potential for an effortless transition to a 6% cap rate simply by adjusting rents to align with the current market conditions. Whether one chooses to enhance the interior of individual units or refresh the exterior, the prospect of achieving a higher return on investment is easily attainable. Priced competitively for a quick sale, our underwriting approach is conservative, ensuring a solid investment opportunity. If this property aligns with your investment goals, please express your interest promptly so we can arrange a tour. VIEW PROPERTY: https://lnkd.in/gC7if4Rs PROPERTY HIGHLIGHTS 🏠 Address: 1326 Corona St., Denver, CO 80218 💰 List Price: $2,350,000 📐 Property Size: 6,475 SF 🏢 Total Units: 11 🏠 Property Type: Multifamily #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing

🌟 Breaking News in Tooley Harbor, Elizabeth City, NC! 🏡💥 Russell Bryant sets a new benchmark with another new construction home under contract at a record high sales price point for the Tooley Harbor neighborhood! This achievement not only highlights the desirability and quality of homes in this area but also underscores Russell's exceptional skill in navigating the real estate market to secure the best outcomes for his clients. This property, with its cutting-edge design, luxurious amenities, and impeccable craftsmanship, represents the pinnacle of modern living. Its sale at a record price point is a testament to the unique appeal of Tooley Harbor and the trust clients place in Russell to find their dream home in competitive markets. Why this matters: Achieving a record sale price in Tooley Harbor not only benefits the sellers but also sets a new standard for the community, enhancing property values and attracting further interest in one of Elizabeth City's most sought-after neighborhoods. It's a win-win for everyone involved, showcasing the vitality and growth of the local real estate market. A huge congratulations to Russell Bryant for this remarkable accomplishment! His dedication, market insight, and commitment to his clients' best interests continue to raise the bar in real estate excellence. 👉 Thinking of buying or selling? There's never been a better time to explore your options in Tooley Harbor and beyond. With Russell Bryant's expertise and proven track record, you can navigate the market with confidence, whether you're seeking to invest in new construction or sell your property at top dollar. Let Russell Bryant lead the way to your real estate success. Every home has a story, what will yours be? #TooleyHarbor #ElizabethCity #RecordSale #NewConstruction #RussellBryant #RealEstateExcellence #CommunityOverCommission

Amidst the noise of high inventory, plummeting sales, and less than ideal cap rates, we took action. Introducing 3650 and 3656 E 2nd: strategically priced to move swiftly in a challenging market. Because in times of uncertainty, knowing the market inside out makes all the difference.

JUST LISTED! Asbury Arms Apartments, located at 4630 E Asbury Cir, consists of (1) 1bed/1bath and (11) 2bed/1bath units totaling 12 units. The property sits in the convenient location of Virginia Village with instant access to I-25 and Colorado Blvd. making it perfect for tenants commuting to downtown Denver, DU campus, or the Denver Tech Center. There have been many recent updates to the property including new galvanized steel stairs, exterior landings, and recently re-coated roof. There is immediate upside in raising the rents to market with little to no work needed, or an investor can choose to renovate the property to achieve even higher rents and bring this property to the next level. VIEW PROPERTY: https://lnkd.in/gqfzFQK5 PROPERTY HIGHLIGHTS 🏠 Address: 4630 E Asbury Cir., Denver, CO 80222 💰 List Price: $2,550,000 📐 Property Size: 8,649 SF 🏢 Total Units: 12 🏠 Property Type: Multifamily #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing

New Listing! If you're looking for a clean deal with no deferred maintenance and significantly under-rented, then this could be a good fit. Rent comparables in the immediate area are $1,600+ for similar 2bed/1bath units. The average rents here are only $1,144. Easiest way to add value is just through proper management! You can reach me at jack@northpeakcre.com or Hunter Schaefer at hunter@northpeakcre.com. #DenverMultiFamily #Multifamily #DenverApartments #DenverRealEstate

How will apartment supply and demand balance out this year? According to RealPage, Dallas will lead the way in supply with 38,000 units expected to be delivered. With 33,362 apartments underway, Phoenix will follow in second place with over 4,600 fewer units. Austin will round out the top three with 32,319 units. The same three markets lead projected demand for the year. RealPage projects that Dallas and Austin will absorb fewer apartments than will be delivered, while Austin’s demand outstrips supply by almost 1,200 units. Read more here: https://bit.ly/3VQ5BN9 #Capstone #LandSales #CRE #Multifamily

Imagine getting $50,000 off your dream home... It just happened!  We're thrilled to announce a fantastic win for our buyers on a stunning 2023 Canopy Builders construction!  Our clients fell in love with this modern gem that offers serene views of Tampa Bay from their upstairs porch where they can enjoy the vibrant sunsets. But that's not all—they were equally attracted by the active community, known for its lively events and warm gatherings.  Navigating through negotiations, we secured an exceptional $50k seller credit towards their closing costs, making this deal not just good, but great!  From day one, our clients knew what they wanted—a home that wasn't just about luxury, but a place where community and comfort converge. They're not about the flash; they're about quality living. We're grateful to have been part of this journey and even more excited for them to start their new chapter in a home that truly reflects their style and needs. Are you looking to make a move into a home that’s perfectly you? Let’s chat about how we can make your real estate dreams a reality, too!  Higher Level Homes Group 727-222-0084 Keller Williams St. Pete #luxuryrealtor #floridarealtor #localrealtor #toprealtor #yourfavoriterealtor #tamparealtor #floridarealtors #residentialrealestate #luxuryrealestateagent #newhomebuyer #justsold #stpetersburgflorida #stpetefl #stpetersburgfl  #stpeterburg #iheartstpete #stpetehomes