........2 bed from $135,000
1,210 sq ft, Dual Master Townhomes with amenities!
Open, lofted floor plans with balcony!
1-Car Garage included!
Open Kitchen with Pantry
Fireplace in Living Room (opt)
3 bed from $175,000
1,399 sq ft, 3 Bedroom Townhomes!
Open, lofted floor plans with private back yard!
2-Car Garage included!
Large Kitchen with large Pantry, Fireplace in Living Room (opt)
Walk-in Closet in Master Bedroom
Las Vegas, Nevada
Gated Community with Parks and Pool
Close to Great Schools and Public Facilities
Stunning Views of Las Vegas Strip and Downtown Skyline
Close to Nellis Air Force Base
Choose from 2 and 3 bedrooms.
Expected rental income per month - $1200-$1500.
Golf, restaurants, and shopping within minutes!
OVER 40% DISCOUNT ON NEW CONSTRUCTION IN LAS VEGAS, NEVADA. ONLY $5,000 TO RESERVE.
Right on the Las Vegas Strip (South Las Vegas Blvd.) about three and a half miles from Mandalay Bay. The project is about a ten-minute drive to both McCarran International Airport and the University of Nevada Las Vegas (25,000 students).
These units will achieve excellent rental yields and huge capital uplift potential based on this builder fire sale. Units are brand new and already completed but based on leverage purposes; we have negotiated to push closings out until April 1, 2009. There are quite a few closed sales for the exact same two bedroom units in this project in the mid $400,000s.
THIS MAKES THE UNITS OVER 40% OFF!
THE ULTIMATE BUILDER CLOSEOUT / FORCED SALE OPPORTUNITY.
$5,000 DOWN.
10% IN 60 DAYS.
CLOSE IN JANUARY 2009 TO QUALIFY FOR A RENTAL GUARANTEE OF $2,100 PER MONTH.
Monthly Mortgage Payment (75% LTV/6.5% interest) - $1,078
Monthly Maintenance - $264
Monthly Property Taxes - $218
Total Monthly Carry Cost - $1,560
If buyers elect to close in January 2009, the developer is prepared to offer a rent guarantee paying $2100 per month from January 2009 - January 2010. (A $6480 positive flow during year 1)
Market Rent to follow the rent guarantee will sit between $1550 - 1600 per month, making the unit cash flow neutral indefinitely. This is a sought after address in Las Vegas.
Investors look to this development as an ideal 3-5 year hold, with a defined exit strategy, to fully capitalize on the initial recovery of the Las Vegas Market.
Even during the height of the real estate boom from 2004 to 2006, international investors were wary of gambling in Vegas real estate. In 2006, the city was only the 16th most popular locale for international money. However, since the market has turned south - and projects ranging from residential complexes to casinos and offices have suddenly stalled - international investors are starting to look for big discounts. Big discounts are exactly what we have to offer. With over a handful of closed sales at and above $400,000 for these two bedroom units, we are able to offer our investors not only a 35-40% discount but also delayed closing until April of next year allowing additional time for market regeneration.
Being discounted to levels below $250 per square foot, we are certain these prices are below replacement costs. (A fundamental competent in real estate investing).
DISCOUNTED PRICES START FROM $262,350
THE PROJECT
Manhattan Condominiums are just minutes away from the heart of The Strip and brings the best of the urban lifestyle to Las Vegas. The community covers 20 acres and features over 700 elegant condominiums in nine four-story buildings. The community's hub is a contemporary, 10,000 sq ft glass clubhouse. The clubhouse includes a business centre and separate conference room, a screening room with a state of the art projection system, and a lounge with a full kitchen and bar, which are available to reserve for parties.
The 24-hour fitness facility has commercial grade equipment, including treadmills and elliptical machines, with personal entertainment centres at each work out station, and a separate room featuring free weights. A sauna, massage rooms, and separate men and women's locker rooms are available.
The community features extensive outdoor facilities, all in a beautifully landscaped environment. A 1.5-acre grassy Central Park is the perfect place to meet your neighbours, provides ample space for volleyball, or lounging in the hammock, and is the backdrop to the centrally located barbeque pavilion.
Two pools, a tennis court lit for night use, and a basketball court also available. The community is pet friendly, featuring a dog run.
Manhattan Condominiums offers an ample set of services. A full time concierge facilitates everything from dry cleaning delivery to restaurant reservations and show tickets. The community security consists of a manned guard gate, 24/7 roving patrols, closed circuit security cameras that monitor activities and are available to view within your home and programmable electronic key fobs that allow access to elevators and buildings. Guest suites are available to reserve for visiting friends and family. Free Wi-Fi internet is provided in the park, pool and clubhouse.
Some other great news is that CNN just announced that the Las Vegas market is rebounding! Go onto the CNN web site: http://edition.cnn.com/2008/US/08/25/home.sales.ap/index.html?iref=newssearch
The following are the details of a brand new project that we have negotiated in Las Vegas. It is located in the most sought after area in Las Vegas. The project is about a 20-minute drive to McCarran International Airport and 12 minutes from the Strip. These units will achieve excellent rental yields and huge capital uplift potential based on this builder close out sales. We have arranged to purchase these units for $100,000 less then market value. No one else has this deal except our investors. On top of this deep discount, the developer has only sold to end user buyers. We are the only investors in this project so if investors want to liquidate we do not expect a lot of competition within the development.
There are only 113 flats available and 60% are already sold.
Units will be completed in May of 2009 creating the perfect leverage opportunity. Las Vegas is in its biggest build out ever. Inventory has been declining for three months in a row. This market has been showing strong recovery clues. We are confident that this is a phenomenal opportunity. Let us know if you are interested in speaking with us about this deal. We only have 10 units remaining!
DISCOUNTED PRICES START FROM $350,000
The Mercer deal is extremely attractive because of the following:
A) These units are a $100,000 off regular price. Meaning that the other 60 % of the project is sold at the $450,000 price point so the investor has immediate equity at closing of $100,000 plus
B) The developer has put a subsidised rental program in place for two years.
C) Units rent for $1700/ $1800 a month
Some other great news is that CNN just announced that the Las Vegas market is rebounding! Go onto the CNN web site: http://edition.cnn.com/2008/US/08/25/home.sales.ap/index.html?iref=newssearch
Purchase Structure:
Purchase Price Mid $300s for 1400 square feet flat.
$5000 to reserve a unit
10% deposit total stretched over time
Completion May 2009 (Up to 75-80% LTV available)
FAST FACTS ON LAS VEGAS MARKET
Population
2,000,000 in Unincorporated Clark County, including Las Vegas, North Las Vegas, Henderson and Boulder City
60,000 people move to Las Vegas annually
Real Estate
One acre on The Strip costs an average of $23 million
Population growth creates a need for 24,000 housing units annually
Weather
Average Annual Temp: 67.1°
Average Annual Precipitation: 4.16 inches
Lowest Average Temp: January 39°
Highest Average Temp: July 105°
Business
New Business and Growth
$67.3 billion in the pipeline for development in the next 3 years
Over 38 million visitors last year
2007 gaming revenue in excess of $11 billion
The Las Vegas area has grown 12.2% since the 2000 Census, and is the fastest growing metro area in the United States
Unemployment is at 5.1%
6 jobs created per hotel room built, equalling approximately 251,000 jobs between now and 2011
McCarran International Airport is the 5th busiest in the nation and 11th in the world (and another expansion is underway)
Retail Growth
Town Square - $750 million, 1.5 million sq. ft., 150 stores, 12 restaurants
Great Mall of Las Vegas - $750 million, 1.6 million sq. ft.
Shops at Summerlin Centre 1.5 million sq. ft., Nordstrom anchor (2nd in Las Vegas, 1st off-Strip location)
Palazzo Shops 300,00 sq. ft., 80 stores and restaurants, Barneys NY is the anchor
Hotels / Convention
Of the 25 worlds largest hotels, 19 are located in Las Vegas
Since 1993, 14 hotel/casinos have been imploded to make way for progress
Occupancy in 2007 was 91.4%
136,829 hotel rooms in 2007
178,750 hotel rooms by 2011
3,749 conventions annually
3,497,446 sq. ft. of convention space by 2011
Recreations and Nearby Destinations
Las Vegas Ski and Snowboard Resort, 45 minutes
Brianhead, Utah, Ski Resort, 3 hours
Red Rock National Conservation Area, 20 minutes
Lake Mead, 30 minutes
Valley of Fire, 45 minutes
Los Angeles, 3 ½ to 4 hours
San Diego, 4 to 4 ½ hours