2 bed, 1.5 bath, 4-Unit Townhome

[David Breitigam]

Investment Info:

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

Property is located near a newly built Amazon distribution center in Toledo, OH.

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

Small multi-family investments are a core investment for us.

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

Casual conversation with a friend about his interest in selling the property due to partners divorce.

How did you finance this deal?

Commercial loan due to zoning.

How did you add value to the deal?

Renovated each unit as they opened up which created additional value through increased rents.

What was the outcome?

Excellent cash flowing property with equity to reinvest.

Lessons learned? Challenges?

Servicing existing residents and leases upon purchase.

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

I am available to work with investors looking at investments in Northwest Ohio and Southeast Michigan.

I have developed relationships with local lenders and contractors which would help service properties.