Investment Props in MS, OH & TX, Funding For Everything + More!!! In Mississippi: Casino and Land Development: We have done 9 months due diligence and paved the way for the largest and most successful casino on the
Mississippi Gulf Coast. Land is on the Mississippi Gulf Coast amidst major rebuilding, casinos, a brand new convention center and is the best parcel to be built on.
I-10 runs parallel to the coast and one single short interstate piece runs from it to the coast to bring gamers to all the casinos in the area. This short interstate dumps the public right at our land! We have worked with local officials to have roads rebuilt where we want them! Also working with local officials to have city pay for parking garage to be used by casino at night.
Our plan uses our connections with gaming industry, a casino manager with many years experience with a well known casino and many, many more perks!
We are working with land owners to keep price per acre low as long as possible. We have a former Disney designer on board to design the casino.
All you have to do is show up with the initial $100M for land purchase and you will have a large % ownership
in this casino. Come up with all $400M and you will be owner of it all!! Colonial Manor Apartments, MS:
This newly renovated complex has 32 1 bed, 1 bath units and 56 2 bed, 2 bath units. It is only a few miles down the road from Northrup Grumman which was just awarded the largest government contract in US history. Plus area has other government contracts and an influx of workers. Housing is becoming an issue. Many newspaper articles coming out about this... Just a walk from the beach, nice part of Pascagoula and quiet area.... Owners were newbies in apt ownership and did not manage it well. They hired an inexperienced manager and the numbers dropped. They recently got a professional manager and occupancy is now at 94%. By the end of the month it is expected to reach 100%. Owners are now looking to part ways and have
dropped the price to 1M below appraisal. Colonial is an 88 unit complex where each unit is worth between 80 and 90K as a condo unit if you were to convert. That makes the project worth 7-8 million. This project can cash flow as the market appreciates. So at $5.4 million it's a good deal and it's in an area where growth should steadily increase its value. Pro forma, photos and newspaper articles on growth available. P&L #'s are poor because of management, not the environment but will be stellar by end of the month. Buy it, run it right and ride it up. Appraised at $6.4M this month. Only asking $5.5M to liquidate quickly!!!
M S Palms in Biloxi, MS:
MS Palms, a high end, very nice complex 96 unit in Biloxi, Ms. with: 40- 2 bedroom units on the north side and 55- 1 bedroom units and 1-3 bedroom unit on the south side. Income from this property at 100% is $90K a month. Newly renovated and very nice but that's not the beauty of this property. It sits 1 mile from the largest coastal land where one of the largest casinos in the area is slated to go up during the following 2 years. ( I have all info on casino). In addition, the mayor just okayed construction of a convention center also 1 mile away. When that happens MS P will be worth 9.5 million, and probably 11 million in a peak. Right now it's worth $9.5 million as condos and conversion can happen easily without renovation. Or just make your monthly income and in a few years sell it and make even more profit. Email for photos, for pro forma, newspaper articles and more information on this beauty whose owners are dying to raise the price once they learned about the convention center. Price just dropped $500K, now $8.5M!!! The mayor has given written statements that a convention center will be built on the coast along with a marina and golf course.. Along with the casino project, and the dropped price this makes this complex have built in equity. Buyer can sell it now or hold and make a lot of money on rent or sell it in 2 years and make 3 million on it!!!
Beautiful beach Front Condo unit in Biloxi, MS:
Do I run, eat at the wonderful buffet at the Beau or sit out on the beach? Maybe I should go play the slots. This question will belong to you in your 3000 +/- sqft spacious 2 bed, 2 bath condo unit on the beach in Biloxi. Newly renovated in 2006! Why pay upwards of 1M for your vacation home in another city when all it offers is beach but no gaming? Get in cheaper here with more to do to entertain you. Luxury living for less.
Double Size Master Bedroom w/ Luxury Bath, Top of the line amenities: w/i closets, hardwood floors, granite, s/s appliances. Create a perfect home on the beach or just rent it out. Income will not depend on beach season with this gem since it is located 1 mile from the largest casino in Biloxi, The Beau Rivage. With gaming revenues reaching record highs, grab this condo going for $100K below appraised value. Write for photos and all info. Appraised at $740K Offered to you at only $650K!
6 APARTMENT COMPLEXES, Starkville, MS: RETIRING OWNERS READY TO SALE!!!
Six buildings with a total of 238 units & 2 TOWNHOUSE COMPLEXES with a total of 87 units located in Starkville, MS home of Mississippi State University. This investment opportunity represents a total of 325 units. The unit mix consist of (87) two bedroom townhouses plus (88) one bedroom and (150) two bedroom apartments. All apartment amenities include refrigerators, stoves, and dishwashers. These family owned and managed apartment complexes are very well maintained, are in excellent condition, and can be a great opportunity for the right investor. LOCATION DESCRIPTION: These properties are conveniently located near the MS State University. The university has a student enrollment of over 16,000 (over 5% growth from last year). This year's freshmen class is the largest in university history. The properties are located near restaurants, shopping, and nightlife. Average price per unit: $32,217. 6 APT COMPLEXES: $7,110,000... 2 TOWNHOUSE COMPLEXES: $3,610,500... TOTAL PKG. PRICE: $10,470,500. In Ohio: Complete apartment buildings and 140 fully rented units available for purchase. These are located in the Columbus, Ohio area, which is the third most stable real estate market in the USA! The 140 units are all rented out, so an investor can come in and buy one or as many as they would like. Since 2003, sales have increased every year. Even in 2006, a down market, sales growth rose 10%. Units are professionally managed and their sole purpose is to find qualified leasers, manage the property if needed, and fill vacancies as required. This estimated example shows what kind of investment might be possible:
Market Price: $165,000
Investor Price: $125,000
Rent Value: $1,200 / mo.
Annual Income: $14,400
Condo Association Dues: -$636 / yr.
Est. Real Estate Taxes -$2,370 / yr.
Insurance: -$240 / yr.
Annual Net Operating Income: $11,154
The apartment buildings are in the process of being built currently and are deeded as individual fee simple condo units. So someone can come in and buy 1 or buy a whole building, even multiple buildings. There are seventeen buildings available ranging in price from $1,020,000 for 16 units to $1.5M for 24 units. In TX, 3 home for sale that also be bought rent to own: Arlington, TX
3 bed/2 bath, 2 car garage,1635 sq ft,$109,900
Nice home in a very convenient location! Close to major intersection and HWY 360. Wide open floor plan with large fenced back yard. Designer paint colors in kitchen
Houston, TX
3 bed/2 bath,2 car garage,1860 sq ft,$139,900 Gorgeous 1 story home in Houston! Home has easy access to they Beltway and Almeda Mall. Home is on a quiet street in a newer subdivision. Formal dining has chair rail and custom paint. Dining room opens into the kitchen with double doors. Breakfast area off of kitchen separates the living room and kitchen areas. Beautiful master bedroom with double doors leading to the master bath. Master bath features walk-in closed. Great backyard for kids or pets to play. Covered patio with ceiling fan. Prosper, TX
4 bed/2 bath,3 car garage,2817 sq ft,$309,900
Great drive up appeal, located prominently in the Lakes of La Cima and within walking distance to the elementary school. This home features many quality upgrades like granite counters and hand scraped wood floors. Comfortable - open floor plan with the kitchen central to the den and formals. Kitchen is large with lots of counter space, tile back splash and stainless appliances. Huge master suite. 3 car garage and more... Don't miss this! For more details, send an email to comresinvest@aol.com Other investment properties available in MS and also if you are thinking of moving to the Tampa area and need a nice place to live www.comresinvestments.com/propsforsale Patrick B. Simmons
President
ComResInvestments
a division of simmons road enterprises, inc.
100 South Mulrennan Road, Valrico Fl 33594
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