Of the 21 listings I had, I still have 2 remaining.
The Owner of these properties wants way too much money for three of his plex properties.
And, he did overturn a rock to find a local agent who said he could get him his price.
The plex properties are is such dire straits that he will have to sell at Value Add pricing. But, since he's stubborn and thinks they are worth retail, he bought the whole sleazy agent spiel of how he can get him his price. (Not going to happen.)
The Owner will be back in due course, since I am: "The only broker who's ever told him the truth!" (His words.)
However, I still have his motel and studio apartments listed and hopefully, with the activity I am receiving, will get these into escrow fast.
We'll see.
At $1.5 Million for a 30 unit motel with a manager's quarters, that should be the first to sell.
If you are considering Las Vegas as a spot for your real estate investment dollars...
To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
The Owner of these properties wants way too much money for three of his plex properties.
And, he did overturn a rock to find a local agent who said he could get him his price.
The plex properties are is such dire straits that he will have to sell at Value Add pricing. But, since he's stubborn and thinks they are worth retail, he bought the whole sleazy agent spiel of how he can get him his price. (Not going to happen.)
The Owner will be back in due course, since I am: "The only broker who's ever told him the truth!" (His words.)
However, I still have his motel and studio apartments listed and hopefully, with the activity I am receiving, will get these into escrow fast.
We'll see.
At $1.5 Million for a 30 unit motel with a manager's quarters, that should be the first to sell.
 |
| Starlite Motel |
And, at $3.3 Million for a rebuilt 42 unit studio apartment building, that should sell quickly, too!
(I am NOT surprised that a lot of developers are offering low ball pricing for it. But, they know that once the rebuild is complete, it will be worth more.) |
| Alpine Motel Apartments |
To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
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