RE: 19-unit Rehab Project

[Gabe Parker]

Investment Info:

Large multi-family (5+ units) fix & flip investment.

Purchase price: $920,000
Cash invested: $781,000
Sale price: $2,600,000

Complete gut and renovation of a 19-unit complex. Updated floor plans and re-framed all units. Essentially a new apartment complex upon remodel completion.

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

This deal had a high return on capital.

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

Off-market deal, found by one of our subcontractors.

How did you add value to the deal?

Complete gut and repair. The units were in disrepair. After remodel we were able to double the rents.

What was the outcome?

High yield.

Lessons learned? Challenges?

Happy to field questions offline. Just send a message.