Multifamily Value Add

[Jake Peetz]

Investment Info:

Large multi-family (5+ units) commercial investment investment in San Diego.

Purchase price: $1,200,000
Cash invested: $400,000

12 unit value add in San Marco neighborhood of Jacksonville, FL. Seller financing, updating all units to achieve market rents in a great area.

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

I have wanted to get into the multifamily space and this value add has provided a lot of opportunities to learn many different aspects of this space.

How did you finance this deal?

Self funded

How did you add value to the deal?

Renovated all 12 units

What was the outcome?

Still working through the renovation