Bar and Restaurant Listings in Louisville, KY and S.IN

I believe so. I'll find out th exact rental income and email it to you tomorrow.

MarshallGrissom.com

Licensed REALTOR in Ky

502.424.5819

Prudential Parks & Weisberg

On Jun 16, 2010, at 3:04 PM, "Chris Reitz" <reitzchris@gmail.com> wrote:

I have not yet had a chance to drive by. I love that location though.

Are there four one bedroom units renting for $350/each?

On Wed, Jun 16, 2010 at 2:58 PM, Marshall Grissom <marshall@pwprudential.com> wrote:

Any interest in the Stevens location?

From: Chris Reitz [mailto:reitzchris@gmail.com]
Sent: Tuesday, June 15, 2010 2:23 PM

To: Marshall Grissom
Subject: Re: East End Office Condo on Craigslist

Sure thing. Thanks Marshall!

Chris

On Tue, Jun 15, 2010 at 2:18 PM, Marshall Grissom <marshall@pwprudential.com> wrote:

For some reason It's not listed on the public sites. It is listed at 228,000 but I have heard from the neighbors that it has been dropped to 210,000. The address is 1605 Stevens. Tell me what you think, I would be glad to show it to you anytime.

From: Chris Reitz [mailto:reitzchris@gmail.com]
Sent: Tuesday, June 15, 2010 2:00 PM

To: Marshall Grissom
Subject: Re: East End Office Condo on Craigslist

Marshall,

This is very interesting. What is the address? I live in Germantown (in a duplex I own) and spend a lot of time in the Highlands. I'd love to drive by tonight with my wife.

Thank you for keeping me in mind.

Cheers,

Chris

On Tue, Jun 15, 2010 at 1:56 PM, Marshall Grissom <marshall@pwprudential.com> wrote:

I just came across a listing for a residential 4-plex in the heart of the Highlands. It's listed for $210,000. The units rent for $1400/month all together. The 1400 should cover you loan payment if you have some cash to put down. The real opportunity in this property is raising the rent by adding better fixtures. This is located in the Deerpark neighborhood were the median average sale for single family homes is approx. 190k-240k. I don't know why the property is listed so low but it may be worth us going and looking at it. I also live just 8 houses down from this property and could potentially manage the rents and maintenance for you when you're out of town.

Let me know your thoughts,

Thanks,

Marshall

From: Chris Reitz [mailto:reitzchris@gmail.com]
Sent: Friday, June 11, 2010 3:32 PM

To: Marshall Grissom
Subject: Re: East End Office Condo on Craigslist

Marshall,

Thanks for the info. This sounds like a pretty good deal, but I'm not sure it's right for me at this point. The price range is doable, but I am looking for something that might cash flow a little better. I have a house in Louisville, but will be relocating to NYC soon. I will travel back and forth somewhat, which is why I remain interested in local property.

I will continue looking and get in touch with any other questions.

Thanks!

Chris

On Fri, Jun 11, 2010 at 2:38 PM, Marshall Grissom <marshall@pwprudential.com> wrote:

Tennant pays 80/month CAM fees and gas and electric. The rents being acquired in this office condo development for similar units are anywere from 800 – 1100. If you wanted to rent this out ASAP you may need to expect the 800/month in rents. Unless you are the end user of this office this may not be the best place to park some cash. Is this in your price range? Are you geographically bound?   What returns would you like to make?

From: Chris Reitz [mailto:reitzchris@gmail.com]
Sent: Friday, June 11, 2010 2:34 PM
To: Marshall Grissom
Subject: Re: East End Office Condo on Craigslist

Thanks for the quick response, Marshall. I am interested in accumulating equity or income properties in Louisville. I own some residential rentals, but have always wanted to acquire some commercial.

The loan terms are agreeable. What kind of rent does this unit command? Are there any condo fees? Would the tenant cover utilities and other expenses?

Thanks!

Chris

On Fri, Jun 11, 2010 at 2:30 PM, Marshall Grissom <marshall@pwprudential.com> wrote:

The address is 2305 Hurstbourne Village Drive behind Sam Swope Auto World. The financing terms are paying the rest of a ten year fully amortized 6% loan. It currently has 8.5 years left on it. That would entail approx. 15k down, and 1074.00/month in payments and it would be completely paid of at the end of 8.5 years. This may be a good investment according to what your situation and needs of return are. Tell me your investment goals and I will give you my opinion if this is the right vehicle for your money, thanks for your time.

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direct    502.424.5819              marshallgrissom.com

office    502.896.1234              pwprudential.com

      fax    502.895.0193              grissomwebsite.com

From: Chris Reitz [mailto:reitzchris@gmail.com]
Sent: Friday, June 11, 2010 2:24 PM
To: Marshall Grissom
Subject: East End Office Condo on Craigslist

Hello,

I am interested in the office condo posted on Craigslist. Could you please send the exact location (or description of area if confidentiality is an issue)? Also, I would like more detail about the financing offered by the current owner. I am not looking for a place to rent for my business, but am viewing this as a potential investment.

Thanks!

Chris

--

Chris Reitz
reitzchris@gmail.com
502-554-8033

--

Chris Reitz
reitzchris@gmail.com
502-554-8033

--

Chris Reitz
reitzchris@gmail.com
502-554-8033

--

Chris Reitz
reitzchris@gmail.com
502-554-8033

--

Chris Reitz
reitzchris@gmail.com
502-554-8033

--

Chris Reitz
reitzchris@gmail.com
502-554-8033

Building Size (RSF):	2,759 SF
Sale Price:	$350,000

Bar and Restaurant Listings in Louisville, KY and S.IN

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Wednesday, June 16, 2010

Re: East End Office Condo on Craigslist

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