MTSU Multifamily Portfolio

[Brandon Michael]

Investment Info:

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

Purchase price: $5,500,000
Cash invested: $550,000

20 Unit Apartment property with 9 other properties (quadplex, triplexes, duplexes) for 44 units total.

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

We invest in multifamily properties in Middle Tennessee. This deal was also an owner financed, which made it better for terms when purchasing.

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

An agent told me about the deal and gave us 3 days to make a decision.

How did you finance this deal?

Owner financing with 10% down. Terms were favorable to both parties.

How did you add value to the deal?

We have upgraded the 20 unit apartment complex by adding assigned parking spots, paint and upgrades to interior of the units.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Phil Phillips, a commercial agent in Middle Tennessee, helped put this deal together.