Hagerstown Mixed Used Property

[Edward Holland]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Hagerstown.

Purchase price: $730,000
Cash invested: $135,000

Mixed use commercial building. 2 commercial units and 6 residential.

What made you interested in investing in this type of deal?

I love the Hagerstown market - lots of institutional investment into the city in recent years and plans for much more. Residential units are in HIGH demand. I have 30 units in the area and nothing remains on the market for more than 48 hours.

How did you find this deal and how did you negotiate it?

Off market deal. negotiated a considerable amount of off original asking.

How did you finance this deal?

commercial loan