Rossford 12 Unit Apt Building

[Ian Appold]

Investment Info:

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

Purchase price: $600,000
Cash invested: $34,000

12 Unit apartment complex in Rossford OH

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

Rossford is an up and coming suburb of Toledo good value add opportunity

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

Got it off market through a commercial agent

How did you finance this deal?

Cash

How did you add value to the deal?

Raised all rents to current market rate as well as renovate some of the dated units

What was the outcome?

The property still has yet to be stabilized

Lessons learned? Challenges?

Knowing the current financial states of your tenants as most of them here receive rental assistance, which is usually very delayed making it difficult for them to ever be current.