Office to Residential Redevelopment

[Robert Frazier]

Investment Info:

Large multi-family (5+ units) other investment.

Purchase price: $525,000
Cash invested: $700,000

Redeveloped Aging office building and drive through into 17 units of apartments and townhomes. Expect to complete August 2022

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

Found a soft moment and a broke down property, bought for $10% below asking.

How did you finance this deal?

Syndicate and Hard Money

How did you add value to the deal?

Redevelopment, $3.2M construction