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Updated over 2 years ago on . Most recent reply
A new MF acquisition in Cincy
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $700,000
Cash invested: $180,000
MF in a decent C+ area of Cincinnati comprising of 12 units. 1 Unit is vacant and needs full rehab. All other units are occupied, very clean property with lot of scope to increase rents.
What made you interested in investing in this type of deal?
Solid brick building of 12 units, scope for increasing rents
How did you find this deal and how did you negotiate it?
Through personal networking
How did you finance this deal?
Traditional financing 4.75% APR
Most Popular Reply
Joseph Cornwell
#1 Real Estate Success Stories Contributor
#1 Real Estate Success Stories Contributor
- Real Estate Agent
- Cincinnati, OH
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Joseph Cornwell#1 Real Estate Success Stories Contributor
#1 Real Estate Success Stories Contributor
- Real Estate Agent
- Cincinnati, OH
Looks like a solid deal! What neighborhood? Congrats!