Arvada 4 Unit Townhome Rehab and Sale

[Sean Gribbons]

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $1,250,000
Cash invested: $210,000
Sale price: $1,740,000

Purchased this 4 unit townhome style 4 plex in Arvada. We used hard money financing and put approx $200,000 into the property in rehab. We created new back entrances to the parking space as well as updated all the cosmetics and did over $40,000 in new landscaping and concrete. We were planning to sell the property as townhome/condos but ending up selling to a Airbnb short term rental buyer. Succesful project.

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

All I do is buy 2-4 units to split and resale.

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

MLS

How did you finance this deal?

Hard money

How did you add value to the deal?

Rehab property - see post

What was the outcome?

Sold for succesful profit.

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

Sean Gribbons - The Gold Standard Brokerage