Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

48
Posts
42
Votes
Sitaram Koppaka
  • Columbus, OH
42
Votes |
48
Posts

Acquired new MF in Cleveland

Sitaram Koppaka
  • Columbus, OH
Posted

Investment Info:

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

Purchase price: $1,600,000
Cash invested: $400,000

The Revel Apartment is located on Cleveland’s west side in the popular Kamms Corner neighborhood. The property features 27 units with 24 off street parking spots, onsite laundry room and great visibility from Rocky River Drive. The property has undergone significant renovations. S

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

By increasing rents I could get a CAP rate of more than 8%, with RUBS I could goto 12%

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

Off market networking

How did you finance this deal?

traditional financing, 5% APR

Most Popular Reply

User Stats

17,844
Posts
6,234
Votes
Dmitriy Fomichenko
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,234
Votes |
17,844
Posts
Dmitriy Fomichenko
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

Way to go, congrats @Sitaram Koppaka

  • Dmitriy Fomichenko
  • (949) 228-9393
business profile image
Sense Financial Services LLC
4.9 stars
166 Reviews

Loading replies...