4 unit Greenfield

[Joshua Matthews]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $190,000
Cash invested: $265,000

Cash purchase, $30k off list price. 4 unit. $30k capex, $50k grounds and unit upgrades. Rent prices increased $250/mo/unit. Located in town center of mall college town with visiting professors.

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

Increase cap rate, air bnb partial units to visiting parents of college

How did you finance this deal?

All cash

How did you add value to the deal?

Acquired at discount due to deferred maintenance. Increased desirability of units (permanent showers and AC).

What was the outcome?

Increased rent payments