Scarritt Renaissance Fourplex

[Kevin Yoder]

Investment Info:

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

Purchased this fourplex in the Scarritt Renaissance with a friend, with him bringing the money and me bringing the deal and asset management piece. This property will be a success if we can successfully reduce utility costs from $150/unit/month at all (while not reducing rents) or getting any rent appreciation in the area, which we LOVE.

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

Craigslist directly with the owner