Palmor Capital’s Post

JUST LISTED! Asbury Arms Apartments, located at 4630 E Asbury Cir, consists of (1) 1bed/1bath and (11) 2bed/1bath units totaling 12 units. The property sits in the convenient location of Virginia Village with instant access to I-25 and Colorado Blvd. making it perfect for tenants commuting to downtown Denver, DU campus, or the Denver Tech Center. There have been many recent updates to the property including new galvanized steel stairs, exterior landings, and recently re-coated roof. There is immediate upside in raising the rents to market with little to no work needed, or an investor can choose to renovate the property to achieve even higher rents and bring this property to the next level. VIEW PROPERTY: https://lnkd.in/gqfzFQK5 PROPERTY HIGHLIGHTS 🏠 Address: 4630 E Asbury Cir., Denver, CO 80222 💰 List Price: $2,550,000 📐 Property Size: 8,649 SF 🏢 Total Units: 12 🏠 Property Type: Multifamily #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing

On September 20th, WRS Real Estate investments received unanimous approval by the Gaithersburg City Council for their plans to redevelop the Lakeforest property. The former Lakeforest Mall, located on a 102-acre site at 701 Russell Ave., was acquired by WRS who is redeveloping the property to a highly desired $1.2 billion mixed-use, live-work-play community. This will include 3.6 million square feet of new uses to replace the existing 1 million-square-foot mall plus parking lots. The reimagined Lakeforest will include approximately 1,600 residential units, both multifamily rentals and for-sale, 750,000 square feet of new life science-related commercial space and 470,000 square feet of new retail. A fiscal and economic impact analysis projects the redevelopment will generate an estimated $2.7 million in annual revenues for the city and provide $1.7 billion in annual economic output at full buildout. https://lnkd.in/eqApsP9M #RealEstate #UrbanDevelopment #MixedUse #CommunityDevelopment #EconomicImpact #LifeSciences 

This weekend, I was on the University of Denver campus and drove by Modera University Park by Mill Creek Properties, a new luxury multifamily development under construction just blocks from the campus. This new build (the highest density, new construction in the immediate surrounding area) had me thinking about #multifamily development in Denver. We have experienced a significant increase in the number of units coming online in this market. So, how's it going? ⚪ Anticipated 2025 multifamily permits will likely increase (modestly) YOY; ⚪ Vacancy rates are down, although increased vacancy rates are generally concentrated in older multifamily units as newer buildings come online; ⚪ Projects currently under construction are being well absorbed into the market (CoStar). #JBREC

New Listing! If you're looking for a clean deal with no deferred maintenance and significantly under-rented, then this could be a good fit. Rent comparables in the immediate area are $1,600+ for similar 2bed/1bath units. The average rents here are only $1,144. Easiest way to add value is just through proper management! You can reach me at jack@northpeakcre.com or Hunter Schaefer at hunter@northpeakcre.com. #DenverMultiFamily #Multifamily #DenverApartments #DenverRealEstate

🏗️A $248 million redevelopment is in the works at the former site of Northville Downs, Michigan’s 🐎last horse racing track. The project, called "The Downs" calls for 446 units, a mix of apartments, condos, row houses, townhomes, single-family homes, carriage homes, and 18,500 square feet of new commercial space. Three new parks will add walkable green space to the redevelopment. Central Park will be 1.5 acres, and Gateway Park 1.25 acres. The largest, River Park, will be 10.44 acres and will include the daylighting of the Walled Lake Branch of the River Rouge. It runs just east of the racetrack and was rerouted into a concrete culvert and buried in the 1960s. 📋The developer expects the $248 million project to generate 54 new jobs. The city expects the State Equalized Value of the property to rise from the current $7.04 million to $112 million when the work is done. The redevelopment will be connected to the popular Hines Park Trail and to downtown Northville. See full article at the link after our info.  🔑Have questions about your home ownership journey? Let's connect.⁠ Brett, Christine, and Lisa⁠ MichiganHomeQuest.com⁠ 📲(734) 459-7646⁠ Article at:⁠ https://lnkd.in/gHVi3Mw2

🏙️ Prime Development Opportunities in Chicago 🏙️ Attention investors: Are you ready to expand your multifamily portfolio? I’m excited to share several prime land opportunities for mixed-style apartment developments in Chicago! These properties are strategically located in areas with high demand, offering incredible potential for growth and solid returns. Whether you're a seasoned developer or looking to start your next big project, these locations are ideal for building a thriving multifamily investment. ✅ Why Chicago? Metro Chicago GDP $833 billion (2022). Metro population 9.7 million. Gen Z destination for 2025. Chicago’s dynamic market continues to be a hub for innovation and opportunity in real estate. From vibrant neighborhoods to increasing rental demand, now is the time to invest. 📞 Call me or visit AndrewOlszowka.com to explore these opportunities and find your next investment property in Chicago. Let’s make your next development a success. #multifamily #Chicago #investmentproperties #realestatedevelopment

Jersey City Development Sells for the Second Time, Heads Towards Groundbreaking The New Jersey office of IPRG, led by partner Yanni Marmarou, has announced the sale of a 200-unit development site located at the corner of West Side Avenue and Fisk Streets. The $9.35 million deal represents IPRG’s second sale of the subject property within a span of 24 months, as it previously changed hands for $6.2 million in January of 2022. 200 dwelling units are included in the development, set to break down as 41 studios, 119 one-bedrooms, 32 two-bedroom units, and eight three-bedroom spaces. The project will be utilizing an affordable housing overlay bonus within the West Side Avenue Redevelopment Plan, which requires 20 units to be set aside at the complex for those with modest incomes. Parking for 100 cars in a garage is included, as is a bicycle room with space for 81 bikes. The project will also be providing a stormwater detention tank as well as an extensive green roof area of approximately 4,298 square feet on the top of the historic building. The future redevelopment of the West Side Avenue site adds to the momentum from other multifamily projects that have popped up in the neighborhood. Major developments including The Birch House, The Agnes, and 3 Acres have opened in recent years, while other long-term projects like Bayfront look to transform the area. #jerseycityrealestate #westsideavenue #redevelopmentplan

**New Construction Townhome Tour for Investors** 🎥 Are you looking to invest in Lynchburg's booming rental market? Join me as I walk you through this new construction townhome from the perspective of a seasoned real estate investor! 🏘️ We'll explore: ✅ Open-concept living areas perfect for student renters. ✅ Smart design features that maximize space and comfort. ✅ Room layouts that are ideal for multiple tenants. ✅ Potential challenges with storage & parking—and how to overcome them. Whether you're catering to Liberty University students or looking for a long-term rental, you will want to focus on properties that offer plenty of options to maximize your ROI. Let's discuss how you can make the most of every square foot! 💼💡 🏡 Ready to invest smart? Let's talk strategy! #RealEstateInvestment #TownhomeTour #LibertyUniversityHousing #LynchburgRealEstate #StudentHousing #InvestInRealEstate #NewConstruction #CashFlowProperty #RealEstateTips

If you've been following our case study series, you'll notice a shift with this purchase as it's duplex, and it was our first one! This property also marked our first venture into Florida, where we've now established more rentals across the state. 📍 Location: Panhandle of FL 💰 Purchase Price: $440k After some light renovations, enhancements to the outdoor space, and a stellar redesign, this property was transformed into a welcoming STR, thanks to its prime location. 📊 Projected Annual Revenue: $80-110k between both units 💰 Year One Completed Revenue: $102k+ between both units View more info here: https://bit.ly/3Shm0Iz or book a 1:1 chat with us: https://bit.ly/3PRRp2w #RealEstateInvesting #ShortTermRentals #AirbnbInvesting #PropertyInsights #InvestmentOpportunity #STRInvesting #PortfolioDiversification #RevenueGrowth #realestateportfolio

ANOTHER NORTH TEXAS SUBURB’S INSANE GROWTH: Exciting developments are brewing in ANOTHER North Texas suburb. Forney’s “Villages at Gateway” master-planned community is getting an HEB, Target, and Home Depot, and that’s just the tip of the iceberg! The suburb, located just east of Dallas, plans to develop more than 102,000 square feet of retail space as part of the 2,000-acre project that is expected to bring more than 2,000 homes to the area. Now, this isn’t the biggest master-planned community happening in North Texas (that honor belongs to Preston Harbor coming to Denison, to house the people who will need to work in Sherman), but 2,000+ homes and these huge retailers are nothing to scoff at! The message you should take away from this is that North Texas is the place to be right now for investors, and that’s why everyone is trying to get a piece of the pie! Ready to explore how you can capitalize on these promising prospects? Don't navigate the market alone! Book a consultation call with CEO Leah Slaughter at Slaughter Investing to get ahead of the game: https://lnkd.in/gzYJvGwW READ MORE: https://lnkd.in/g4dXu3k2 #ForneyDevelopment #NorthTexasRealEstate #InvestmentOpportunity #RealEstateNews #SlaughterInvesting