43 Cypress Street- Gut Rehab

[Philip Ganz]

Investment Info:

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

Purchase price: $965,000
Cash invested: $658,000

I purchased 43 Cypress Street off-market. The project is a gut rehab.

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

Watertown high rents, low price on the up swing.

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

Off market through a real estate agent

How did you finance this deal?

Bank

How did you add value to the deal?

Dug the basement out and raised the roof. Project is a gut rehab.

What was the outcome?

Pending