Chris Cobler’s Post

Completion Day (well yesterday) 🏚️🏠 Picked up the keys to this 2 bed terrace in Audenshaw, which we purchased off market. We got the builders lined up to make a start on the refurb from day one of ownership, so that we can get some need stock back on to the rental market. It’s been very frustrating the last couple of months with deals falling through and what feels like everything that can go wrong, has gone wrong. Best advice is keep your chin up, keep persevering, keep motivated, keep taking actions ( no matter how small they are) and the rewards will come 🥇💰 The numbers for this deal are below. However, this post is not to gloat but to demonstrate that there are still deals out there to be found in a tough market👀🏚️🏠💰 PP: £107,000 Legals: £4,100 Survey: £600 Refurb inc 2 months holding costs: £18,000 Done up value: £170,000 Rental Price: £950pcm Let’s get finding that next 👍 #propertyinvestor #manchester #audenshaw #droylsden #rentalproperty #property #home #investment #btl #propertyinvestment

Dallas-Fort Worth continues to rule commercial real estate market  

Broward County’s commercial real estate market shines with growth amid diverse trends. Fueled by the Florida Panthers' NHL Stanley Cup run, the area has seen significant economic activity and a stable vacancy rate, slightly above pre-pandemic levels. Despite varied leasing and absorption trends, the market benefits from rising rental rates and strong demand, particularly in Downtown Fort Lauderdale and premium submarkets. With $110 million in economic impact and upcoming high-quality projects like T3 FAT Village - Fort Lauderdale, Broward is poised for continued growth through 2024.

Discover the latest trends in Brooklyn condo and co-op sales for October 2024! Find out what's hot in the real estate market with Corcoran. #BrooklynRealEstate #BrooklynProperties

Exciting news in the Manhattan real estate market! Check out the latest condo and co-op sales report for July 2024. #ManhattanRealEstate

The spring market is in full swing! Here's a quick snapshot of recently sold properties in Wayne and the surrounding area. #RealtyReport #NJRealEstate #NJRealty #SpringMarket #MayIssue #WayneLifestyleMagazine #Wayne #Montville #Fairfield #NJLifestyle #MorrisCounty #SupportLocal

Real Estate Opportunity: Over 1,000 units up for grabs in New York City and Jersey City In a striking development that underscores the dynamic nature of the real estate market, two significant development sites in New York City and Jersey City are being offered for sale out of bankruptcy. This presents a unique opportunity for investors looking to capitalize on the growth trajectory of these vibrant areas. The sites in question, one located at 4452 Broadway in Manhattan's Washington Heights and the other at 500 Summit Avenue in Jersey City, come with plans for over 1,000 residential units combined. The Manhattan site, approximately 50% complete, boasts a 129-unit apartment building with a valuation of $56M, including a 35-year tax abatement, 65 parking spaces, and two commercial spaces on the ground floor. The Jersey City site, a 0.8-acre parcel valued at $108M, offers flexibility with zoning that accommodates retail, office, and hotel uses. Jeff Azuse, Hilco Real Estate's Executive Vice President, highlighted the opportunity, stating, "Considering the city of New York continues to grow and invest in its own welfare, the bankruptcy sales of these two properties present an outstanding opportunity for an astute investor to stake their claims in areas that are poised for growth." This sentiment is echoed by the broader market trends, indicating a robust appetite for development in both New York City and Jersey City. Interested investors should mark their calendars. Bids for the Manhattan site are due by March 13, while the Jersey City site bids are due by May 2. Both sales are subject to approval by the U.S. Bankruptcy Court for the Southern District of New York, ensuring a transparent and fair process for all parties involved. This sale represents not just a transaction, but a chance to be part of the ongoing narrative of growth and development in two of the most dynamic urban areas in the country. For investors and developers, the time is now to explore these opportunities and envision the future they can create in these communities. For those interested in the evolving landscape of real estate investment and development, these opportunities in New York City and Jersey City offer a compelling glimpse into the potential for strategic growth and innovation in the sector. #commericalrealestate #newyorkrealestate #njrealestate

JUST CLOSED! I am pleased to announce the completed sale of Le Chateau Apartments, a 76-unit multifamily property located at 1670 West Broadway in Anaheim, CA. This was the first time in more than 40 years that Le Chateau had been available for sale. Through our exclusive marketing campaign, the Seller selected an offer from an out-of-state, 1031-exchange buyer out of Nevada, who was introduced to the listing through our extensive network of multifamily brokers nationwide. The offer featured attractive terms including a $1,000,000 deposit at the removal of contingencies, a 5-day due diligence period, no loan or appraisal contingency, and closed escrow within 21 days. The final sales price totaled to $27,450,000 which equates to $361,184 per unit at a current CAP rate of 3.83%. This transaction marks the lowest CAP rate sold for properties of 50 or more units within the last 12 months in the City of Anaheim. The Buyer plans on modernizing the unit interiors to elevate Le Chateau to a higher standard of rental living and will add multiple ADUs to maximize the return.   For More Information Email theleesongroup@marcusmillichap.com   #theleesongroup #realestate #justclosed #anaheim #multifamilyproperty #rare #apartments #apartmentinvesting #investments

JUST CLOSED! I am pleased to announce the completed sale of Le Chateau Apartments, a 76-unit multifamily property located at 1670 West Broadway in Anaheim, CA. This was the first time in more than 40 years that Le Chateau had been available for sale. Through our exclusive marketing campaign, the Seller selected an offer from an out-of-state, 1031-exchange buyer out of Nevada, who was introduced to the listing through our extensive network of multifamily brokers nationwide. The offer featured attractive terms including a $1,000,000 deposit at the removal of contingencies, a 5-day due diligence period, no loan or appraisal contingency, and closed escrow within 21 days. The final sales price totaled to $27,450,000 which equates to $361,184 per unit at a current CAP rate of 3.83%. This transaction marks the lowest CAP rate sold for properties of 50 or more units within the last 12 months in the City of Anaheim. The Buyer plans on modernizing the unit interiors to elevate Le Chateau to a higher standard of rental living and will add multiple ADUs to maximize the return.   For More Information Email theleesongroup@marcusmillichap.com   #theleesongroup #realestate #justclosed #anaheim #multifamilyproperty #rare #apartments #apartmentinvesting #investments

"2024 is set to be a year of better sales volumes and flat house prices." - UK House Price Index by Zoopla If you are looking to purchase a property this year, then there has never been a better time. Contact me today for the latest property opportunities across the UK, or to let me know your wants and needs so that I can source the perfect property for you. #PropertyInvestmentUK #GraysResidential #PropertyValue #UKPropertyMarket #PropertyExpert #PropertyPortfolio #RealEstate