2915 Broadway West Palm Beach

[Scott Kidd]

Investment Info:

Large multi-family (5+ units) buy & hold investment in West Palm Beach.

Purchase price: $720,000
Cash invested: $175,000
Sale price: $1,250,000

8 unit apartment, Value Add. Sold

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

It was a great up and coming area, with a large value add for a decent equity gain

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

Networking.

How did you finance this deal?

Bridge loan

How did you add value to the deal?

Rehabbed some of the units, cleaned and painted the exterior.

What was the outcome?

Sold for a decent profit

Lessons learned? Challenges?

It is good to have options, never regret selling for a profit.