Large Multi-family (6-plex)

[Reggie Jackson]

Investment Info:

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

Purchase price: $157,500
Cash invested: $10,000

Large multi-family (6-plex). 3 small 1br/1ba, 3 studios
The breakdown is as follows:Unit A $800/monthUnit B $800/monthUnir C $700/MonthUnit D $715/MonthUnit E $685/monthUnit F $750/month
Monthly rent roll $4450; Gross Annual Rents $53,400; GRM 5.898; NOI $29,803; CoC ROI 16.18%; Pro forma CAP 9.24%; Purchase CAP 9.24%

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

Long-term return and cash flow.

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

Property Investor's group

How did you finance this deal?

Seller

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

I am a licensed real estate broker (IN)