Exceptional Multifamily Investment Opportunity

[Eric Radecki]

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $420,000
Sale price: $420,000

Fully gutted multifamily house with 3 floors approximately 9 bedrooms needs finishing touch interior and exterior. Available only through owner of property. Great opportunity for distressed property investors looking for rental income in one of the best real estate markets. Newark, NJ is on the list as fastest growing real estate markets in US.

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

Value add

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

Researching off market properties

How did you finance this deal?

Pending

How did you add value to the deal?

Rehab

What was the outcome?

Pending

Lessons learned? Challenges?

Estimating renovation costs

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

No