Small town but large building

[Tom O.]

Investment Info:

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

Purchase price: $525,000
Cash invested: $125,000

Multi-Unit in Small towns is amazing. Picture below is what it looked like when built in 1896.

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

On the MLS!!

I paid the asking price.

How did you finance this deal?

Partly used a HELOC on my house.

How did you add value to the deal?

Rehabbing units, removing problematic tenants, new infrastructure.