Upper webster st lewiston

[Steve Arel]

Investment Info:

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

16 units 4-4 unit buildings on one property each unit has a garage bay included and additional parking out front as well. Nice area in lewiston

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

Location Location Location

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

Off market and worked hard to get seller financing

How did you finance this deal?

Seller financing

How did you add value to the deal?

By purchasing below market, bought into equity

Lessons learned? Challenges?

Should have raised rents more in the beginning but still doing well enough for me