SMK Capital Management LLC
Office | 310-344-1970
Fax | 310-496-0804

Renovated Rental Property – Cleveland, OH Suburbs

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Property Details:

Recently Completed

- 3 bed 1.5 bath - 1,375 sq ft
- Previously sold in 2006 = $142,500
- Total cost = $64,000
- Annual gross rent = $13,800

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Renovated Rental Property – Cleveland, OH Suburbs

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Property Details:

Recently Completed

- 4 bed 1 bath - 1,324 sq ft
- Previously sold in 2003 = $95,000
- Previous value in 2006 = $123,000
- Total cost = $67,000
- Annual gross rent = $12,000

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Renovated Rental Property – Cleveland, OH Suburbs

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Property Details:

Recently completed

- 4 bed 1 bath - 1,866sq ft
- Previous value in 2005= $130,000
- Total cost = $65,900
- Annual gross rent = $12,000

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Renovated Rental Property – Cleveland, OH Suburbs

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Property Details:

Recently completed

- 5 bed 2 bath - 2,104 sq ft 1 acre
- Previously sold in 2001= $129,900
- Previous value in 2006= $165,000
- Total cost = $92,385
- Annual gross rent = $19,200

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Renovated Rental Property – Cleveland, OH Suburbs

Property Details:

Recently Completed

- 4 bed 1.5 bath - 1,170 sq ft
- Previously sold in 1989 = $59,000
- Previous value in 2006= $112,000
- Total cost = $68,150
- Annual gross rent = $13,200

Midwest Rental Property Portfolio

In early 2013 we began shifting our buy and hold rental property into the Midwest.  The strategy of this investment opportunity is to hold renovated, tenanted & managed rental property for cash flow with 3 properties located in the suburbs of Cleveland Ohio and one property in Indianapolis Indiana.  Net cash flows are paid out quarterly and the investment duration = 2-5 years.

Property Details:

Total Capital Raise= $202,500

Projected investor cash flow= 8% +/- annually

Projected investor total return = 12% + annually

Mobile Home Park Syndication

In 2012 we began personally investing in mobile home parks with one of the largest park portfolio owners in the country. Mobile home parks can provide consistent long term capital gains and this asset class has proven to be a great investment. We have recently created an investment opportunity to expand on our partnership and take advantage of this specific niche.

Property Details:

Total Capital Raise= $325,000

Investors Expected Annualized ROI = 15% - 18%
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Los Angeles, CA: Medium-Long Term

This 4-unit property was acquired in 2011 for $550,000 and resold in 2013 for $995,000.   The project involved relocating tenants and extensive renovations.  Creating highly desirable units and renting to new tenants at increased market rates was key to the success of this project. 

The property was creating $63,000 when acquired and when complete we successfully raised the annual income to $94,150.  We elected to renovate one unit at a time while the other 3 rented units provided consistent income to offset renovation costs.

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Property Details:

  • Purchased in 2011 for $550,000, sold in 2013 for $995,000
  • Short sale purchase, tenant relocation, remodel, rent and resell
  • Previous owner purchased in 2005 for $950,000
  • Built in 1925
  • Living area = 4,166 sq ft
  • Total area = 5,881 sq ft
  • Annual gross income increased from $63,000 to $94,150
  • Rental income received through duration of project = $189,351
  • Net cost after cash flow and renovations = $635,876
  • Property sold for $995,000
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Southwest FL: Medium-Long Term

This recent investment included a group of 3 rental properties in Southwest Florida.  All are renovated and held rented for cash cash flow paid quarterly to investors.

Investment Overview:

Net Annual Return to Investors = 7%+/- annually.

Total Capital Raised = $250,900

Property Details:

  1. A single family home built in 2003, renovated and rented at $700 per month.
  2. A duplex built in 2007, renovated and rented at $1,250 per month.
  3. A duplex built in 2008, renovated and rented at $1,250 per month.

Englewood, FL: Medium-Long Term

Ocean front condominium, foreclosure auction purchase, renovated and current vacation rental.

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Property Details:

  • Foreclosure auction purchase, renovated and rented as vacation rental
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