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Archive for August, 2008

Project for sale APPROOVED/GOOD location, NEED BUILDER

Posted by UtahCribs, Real Estate, Homes on August 29, 2008

Many of you have seen the project called Millcreek 9 on 39th S and 9th E we have been marketing for about months. The plans have been approved by the city and the project is ready to be built. we have a list of about 25 interested parties wanting to purchase when the project is complete.

The DEVELOPER for some personal reasons has decided to sale the project. It will come with the plans and everything he has. Renderings, and floor plans can be seen at www.millcreek9.com

The Specs ARE:

Land is approved for 25 units. Developer has plans for 6 town homes and 16 condos with under ground parking. His price points are $310K for the TH and $250K for the condos.

Personally I feel in the market the Town Homes should be around $275 or under and the Condos should be at $199K.

If you use MY numbers the retail sales price of the project should be around $4.85 Million. From what I see I think the project should be able to be built for around $3,000,000-

I know for a FACT it tuff to get lending right now so a perspective buyer would need to have STRONG FINANCIAL’S and a good chunk of $$ to put down-

PRICE YOU ASK? Developer is DESPERATE, bring me a SOLID offer price that YOU think is fair and I will present it to him!

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4-PLex that CASH FLOWS

Posted by UtahCribs, Real Estate, Homes on August 21, 2008

with 20% down at current rates this would cash flow about $600 a month–

Presented by: Brad Miles – 801-428-7223

List Price: $394,900 MLS#821888 Stat: Active Ref # 1  
Address: 1349 S 300 E Type: Fourplex Style: Up and Down
Quadrant: SE Coord: 1349/300 Sold Price: $0 Area: 102
City: Salt Lake City, UT 84115 Project:
Tot Sq Ft:3,596
Gar/Port: 0/0
Yr Built: 1962
Taxes: $2,270
Acres: 0.20
Prop. Tour: NA

Bedrooms:
Baths:
Fireplace:
Square Ft:
Rent:
Unit 1
2
1
0
899
$650
Unit 2
2
1
0
899
$675
Unit 3
2
1
0
899
$650
Unit 4
2
1
0
899
$675
Features & Info: / / Covered Parking
Inclusions: Range, Refrigerator
Remarks: Very nice 4-plex. New carpet, paint, appliances, very nice window ac units, and windows. Roof replaced in 06; sprinkler system updated 07. Sister 4-plex sharing courtyard being sold simo. MLS info taken from appraisal info provided.

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Killer Bank Deal

Posted by UtahCribs, Real Estate, Homes on August 13, 2008

So a good friend of mine just got the okay from the bank to fire sale this new house at Traverse Ridge by Cabellas.  the nieghbrohood has jsut recently sold new homes there for $330K.  Before the bad market the developer was selling the places for $375K-$400K…………..

If someone can close in the next 3 weeks I can get them a BRAND NEW, FULLY FINISHED, 2 car garage home there for $270K!  That is cheep price per foot than ANYTHING new that is listed out there EAST of 1-15!

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Posted by UtahCribs, Real Estate, Homes on August 2, 2008

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