11 unit mixed use commercial

[Frantz Joseph]

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $450,000
Cash invested: $110,000

3 buildings 11 units, 5 commercial 7 residential. we are in the mist of renovation. we are increasing rents from $175 - $400 a unit. So far we have renovated 3 units and have increased overall rent by $800 so far. we will be renovating 5 additional units.

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

upside potential

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

Commercial Broker

How did you finance this deal?

25% deposit

How did you add value to the deal?

renovate and increase rent

What was the outcome?

work in progress

Lessons learned? Challenges?

still learning

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

yes