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Old 07-21-2008, 10:58 PM   #1 (permalink)
AZ Power Broker
 
Status: Junior Real Estate Forum Member
Join Date: Jul 2008
Location: Scottsdale, AZ
Posts: 1
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Default Developer Close-outs- 40% to 50% below market price!

2 developer close-outs 40% to 50% off market price

Premiere AZ Condo Developer Close-Out - Just put on the market
Unlike the many condo conversion communities on the market today, this community was built as condominiums and to condo specs. This is a premiere, landmark property and is the standout community in North Phoenix. It features a large, luxurious resort clubhouse, state-of-the-art fitness center, private movie theater/media center, granite counters, stainless steel appliances, upgrades galore, and built to the highest standards. The developer is offering an aggressively discounted bulk purchase opportunity on 17 units to a bulk buyer who can purchase without a finance contingency and close within 30 days. Retail Price - $3,740,000---$165 per sq ft---Average of $220k per door
Suggested Bulk Price: 60 + 3 ($2,240,000)---$99 per sq ft---Average of $132 per door
At 60 + 3, it is priced below replacement cost!

Incredibly Affordable Condo Conversion Bulk Close-Out - Just put on the market

Developer close-out for condo conversion community in a prime Phoenix location at an unbeatable value. With newly renovated exterior touches including beautiful stone facing accents and lush new landscaping, along with Spanish roof tiles and warm paint tones. This spacious community includes two pools, two Jacuzzis, a fully remodeled clubhouse and a new, state-of-the-art workout facility. Bulk purchase is for the remaining 28 units which consist of 1 and 2 bedroom condos and 2 bedroom townhomes.

28 Remaining--- Units Retail---$3,116,200---Approximately $111 per door

Bulk Price: 60 + 3 = $1,869,720 ($67k per door)

Call or email today for the full details on the amazing bulk opportunity!

Darren Prine
Contact me through my profile here for details
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