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Main Street Ingredients, a La Crosse company that manufactures and distributes food-processing ingredients, has been selected to buy the “opulent” Chateaux on Central brownstone project in Phoenix for $7 million.
The project was designed as 21 five-story residences with private elevators and rooftop terraces. The announced prices ranged from $2.8 million to $4.5 million per unit
I negotiated a sale Saturday on a 6500 sf warehouse with office space..
Property previously sold for $400K
Appraised for $325K current market
Listed for sale for $197K
My price $17,600.. TOTAL... Check was cut within 10 minutes.
I'm currently also negotiating the purchase of a $100K note on a $200K home, my cost on that deal, $20K-$25K. The note has a balloon due in 6 months. Dont care if they pay the balloon, or default, I'll be happy with the returns either way.
Its definately a buyers market for those with cash and can move fast.
I negotiated a sale Saturday on a 6500 sf warehouse with office space..
Property previously sold for $400K
Appraised for $325K current market
Listed for sale for $197K
My price $17,600.. TOTAL... Check was cut within 10 minutes.
I'm currently also negotiating the purchase of a $100K note on a $200K home, my cost on that deal, $20K-$25K. The note has a balloon due in 6 months. Dont care if they pay the balloon, or default, I'll be happy with the returns either way.
Its definately a buyers market for those with cash and can move fast.
Well I hope the market doesn't go south in the next 6 month Ya cash rules now.
Worst part in Phoenix is that you buy this empty and somebody is building another across the street.
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Ya cash rules now.
