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Updates on our projects – Jan 23, 2018

Posted by Max Properties LLC on January 23, 2018
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Just wanted to do a quick update on the projects we have in our pipeline. Our projects have changed since the last time I posted this.

Since the last time, we sold 4 of our Turnkey properties. We sold 177th Place and Waveland Avenue to an investor from Chicago. These were his #8 and #9 properties that he purchased from us. We also sold Chestnut Avenue and Kenwood Avenue to an investor from California. This was their #2 and #3 properties that they purchased from us.

Fiance of the investor from Chicago is purchasing Delmar and Osborne properties from us. Delmar project is rent ready and we are currently looking for a tenant for that property. Osborne property will be ready by mid-Feb.

We also have a buyer for our Crane Pl and Bigger St projects and both of these should be closing by end of Feb.

We also closed the buy side transaction of our 5th St project in Highland and we will be starting rehab next month on that project.

In addition to 5th St, we purchased 3 more properties this month – Oak Crest Ln, 177th St and Baring Avenue. All 3 of these properties will be Turnkey. We have already started rehab on Oak Crest since we had a crew available for a few days due to a delay on another project waiting for gas and electric to be turned on.

I will do another blog on projected numbers for our 5th St project later this week to share what our projected numbers and once completed, I will share the final numbers for comparison.

Current Projects

As of today, we have these projects going on/in the pipeline:

Property Address Project Type Project Status
5th St Fix and Flip Inventory – Waiting for Rehab
Cherrywood Ct Fix and Flip Listed on MLS
N Wood St Fix and Flip Under Rehab
Ohio Avenue Fix and Flip Under Rehab
Baring Avenue Turnkey Buy Side – Under Contract
Bigger St Turnkey Sell Side – Under Contract
Crane Pl Turnkey Sell Side – Under Contract
Osborne Avenue Turnkey Sell Side – Under Contract
Delmar Avenue Turnkey Rent Ready
Nebraska Avenue Turnkey Under Rehab
Oak Crest Ln Turnkey Under Rehab
177th St Turnkey Inventory – Waiting for Rehab
Chestnut Avenue Turnkey Sold
Waveland Avenue Turnkey Sold
177th Place Turnkey Sold
Kenwood St Turnkey Sold

 

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