Toledo Multi-family apartment (8 units)

[Ian Appold]

Investment Info:

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

Purchase price: $560,000
Cash invested: $7,000

Large multi-family in Toledo OH, 8 units across the street from Westfield mall

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

Property is located next to 2 other properties in the portfolio.

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

Property was on the market for several months with out a lot of action. The owner dropped the price to the point to where value would be reflected in the purchase price.

How did you finance this deal?

Cash

How did you add value to the deal?

Raised all the rents to reflect the market rate

What was the outcome?

Still own the property