(MA) 617-297-8641 (RI) 401-641-5774

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322 Warren Street, Roxbury MA

This is a completely renovated 3 family brick home. Building offers two 2 bedroom apartments and one very nice 1 bedroom 3rd floor unit. The entire building in being completely remodeled and will include, new heating, updated electrical, new roof, hardwood flooring and much more. First floor apartment has private terrace in back of house and the home has tons of exposed brick and beautiful woodworking throughout. Market rents for these units are $1450-$1500 for the 2 bedrooms and $1350-$1400 for the 1 bedroom with roof deck. Each of the units will bring in top dollar and rent in a matter of days!  This is a great long-term investment or lovely home for owner occupant.  List price of $475,000

Renovations are scheduled to be complete mid July. Get it now before it hits the market! Email or call for more information! 617-297-8641 or Willie@MandrellCo.com

13 Unit Multifamily Portfolio, Worcester MA – 3 & 4 Unit Buildings

Worcester Investor looking to sell his 13 unit apartment portfolio. He’s looking for approximately $65k per unit if entire lot is purchased. He may be willing to sell individual buildings for the right price.  Most of the units are 3 bedrooms apartment s and collecting $850 per month. The 2 bedrooms apartments are collecting $750. All the tenants pay their own utilities and heating is gas.

Addresses are as follows:

·         9 Diamond St. (Vernon Hill) 3 units

·         157 Perry Ave. (Vernon Hill) 3 units

·         70 Rodney St. (Bell Hill) 4 units

·         97 Eastern Ave. (Bell Hill) 3 units

Serious buyers only please. Please be prepared to show proof of funds.

Please call or email me for more information. Willie@MandrellCo.com or 617-297-8641.

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Why live At the property you manage?

I’m a big advocate for living on the property you manage. The biggest reason being, all the maintenance issues I have found and prevented and the inconveniences caused by other tenants that were quickly dealt with. You might be surprised what your tenants don’t tell you while you’re away or what they don’t notice.  A few recent examples:

Sitting in the lounge chair watching some T.V and suddenly there’s a rumble.  The china in the large wooden cabinet starts shaking. So I walk up to the second floor thinking it must be the music is extremely loud.   Standing next to the second floor apartment door, I realized, no that’s definitely not it. I felt the loud rumbling coming from upstairs.  Next to the 3rd floor door, it was clear. They were running. Does no-running include no-treadmills as well? Couldn’t imagine what the second floor was thinking.  My guess is they would simple keep turning up their music louder and hope the people above them get the point.  You’re disturbing everyone.  I knocked on their door told them about the treadmill so they stopped for the rest of the day.  However, in the following days they kept running.  While the problem was solved immediately, it was addressed immediately.  Happy to say those tenants are not with us anymore. 

Discovered mold in the basement while looking for tools to help with the backyard.  It was it the cellar closet hidden by tools and covering the entire lower half of one wall. After getting some advice from a friend, I was able to take care of the situation ASAP.  Happy I seen it when I did and was able to avoid replacing the wall.

More recently noticed an increase in the moth population in my kitchen over the last few months.  Never experienced this in all the years I lived there. I tried getting rid of them by hand, but would find a group of them again by morning.  When I spoke to the tenants, my neighbors about the situation they admitted to having some troubles too.  They didn’t want to mention it to avoid any stigma it might be attached too.  The neighbors across the street were there and mentioned different pest problems they’ve had, one involving a nest of wasps near their home, another with fruit flies lasting through winter.  The next day I went to the Home Depo and grabbed a few different products to get rid of these pests and distributed them to all then tenants.  I think this did 2 things: 1. It let them know I was equally concerned about the situation and 2. It created a stronger unified effort to really exterminate these pests. Good rettens !!!

While you can’t live on every property you might own it’s important to inspect your property and check in with tenants periodically in addition phone calls triggered by neighborhood events.  You might even want to create a check list of places to inspect and things to ask tenants.  While I say nothing beats living on the property, genuine concern for the well being of your tenants and a little effort is all you should need to keep them happy with the service you provide.

 

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Multifamily_Home_Buying_BookWhen it comes to buying a home, the ability and willingness to negotiate is a must. In general, sellers ask for more than they are actually willing to accept and buyers initially offer less than they are actually willing to pay. As the buyer, you will have the best chance at a successful negotiation if you research the price of other comparable homes in the area before making your offer. The best way to determine what you should pay is by considering what other buyers in the area have paid for similar properties. Your Realtor will be able to provide you with a comparable market analysis for the prospective property, which will assist you in finding these recent sales figures.

Lastly, be realistic when you’re ready to put in your offer to buy. Nothing will hurt your chances of future negotiations more than insulting the seller with a low-ball offer. Remember that the trick to landing yourself the best deal is to find the balance between your high-water mark and the seller’s low-water mark. You want to work with the seller to find a point where both parties come out feeling good about the transaction. You should also remember that not every offer is accepted, so don’t be disheartened if your first offer isn’t a winner. In most cases, the seller will make a counteroffer for your consideration and negotiations can continue from there.

Want all 25 buying tips? Complete the form below and the complete book will be emailed to you immediately!

 

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The Mandrell Company works with many real estate investors & developers in and around the Boston area. We assist our investor clients in finding properties that need rehab as well as opportunities for development. If you’re looking to sell a property that needs minor or significant repairs, please give us a call. Almost all of our clients are cash buyers and can often close on your property with 2-4 weeks. Don’t waste your time with a realtor placing a sign in the yard and marketing your problem property with traditional sale methods. Our investor clients buy properties in “as is” condition, which mean they will not be asking you to make any repairs. They also purchase properties in difficult situations such as; pre-forclosure, non-paying tenants, or tax and other liens.

Let us help you move on and get this headache out of your life. Our clients are experts in renovating junk & ugly homes and can rid you of your problem house. They are also improving local Massachusetts neighborhoods with each home they complete!

Do you know of a property in your neighborhood you would like to see fixed up? Pass our information along to the owner and we’ll see what we can do!  617-297-8641 Call today!

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