Real Estate Talk

Power Broker · Guest

40% to 50% off on AZ developer close-outs

I am direct with two developers in Phoenix that are now accepting LOIs
on a bulk purchase of their remaining units. Both of these developers
are open to selling their remaining inventory at 40% to 50% discounts
off of market price. These are premium properties in prime locations
and will not last long. Offers (LOIs)will only be accepted until
Wednesday at which point the developers will choose which one they
will accept.

North Phoenix- Purpose Built Upscale Condos- 17 units
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 - $4,966,520 ---$220 per sq ft---Average of $292k per
door
At 55% of market = $2,731,586---$120 per sq ft---Average of $161k per
door

Incredibly Affordable Condo Conversion Bulk Close-Out - 28 units
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: At 55 + 3 = $1,713,910 ($61k per door)

If you have cash buyers (no finance contingency) who can close
quickly, these are exceptional opportunities. If you haven’t already
done so, please request more details on each project so you can see
for yourself what an incredible value each of these communities offers
the savvy investor.

Visit www.azpowerbroker.com or email darren@azpowerbroker.com for more
details.