These multi-family properties offer both immediate cash flow through tenant rentals and the strong likelihood that the underlying asset will appreciate.
South Florida (PRWEB) October 23, 2013
A "small business" investment group led by Frank Skelly has announced a new multi-family real estate portfolio consisting of four properties in locations across Florida.
According to Skelly, his group has taken advantage of the recent buyer’s market in Florida real estate to acquire these multi-family investment properties at prices well below their potential value and that had earning power. “During 2008 to 2010, we analyzed hundreds of options and chose these four properties as outstanding opportunities to deploy our capital effectively,” Skelly said. “These multi-family properties offer both immediate cash flow through tenant rentals and the strong likelihood that the underlying asset will appreciate.”
To diversify the investment, the portfolio includes multi-family properties in a number of different locations including:
- Solana Villas, a 44-unit property in Naples, FL
- Woodhill Estates, a 76-unit property in Winter Haven, FL
- Courthouse Lofts, a 20-unit property in Vero Beach, FL
- Village Square Apartments, a 68-unit property in Ocala, FL
Because each property was “technically” distressed, either needing improvements or having a high physical or economic vacancy rate, the investors are expecting initial capital investments to positive cash flow in the near term. “This is housing for lower to moderate income families, so the low cost of basic repairs and minimal marketing can quickly turn into cash flow,” Skelly said. “Housing is a fundamental necessity regardless of your economic status, so meeting this market need provides excellent potential for returns.”
Skelly, who is both a veteran of the Florida real estate market and a successful investor in the invoice factoring industry, points out that his group has proven experience in recognizing and managing opportunities to create cash flow. “You make an upfront investment which translates into cash flow on a monthly basis as the rents come in,” Skelly said. “The Florida real estate market offers tremendous opportunities for those who have the patience and savvy to buy and hold until the economy improves. That’s what what this multi-family real estate investment portfolio is all about.”
About Frank Skelly
President of CDA Consulting Group, a real estate investment and management company for distressed multi-family properties, and Pricipal of Factor King, a direct financial provider specializing in A/R purchasing, purchase order fincancing and letters of credit, Frank Skelly is an expert in both multi-family real estate investment and business financing.