A new MF acquisition in Cincy

[Sitaram Koppaka]

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