Fix n' Flip 64-unit apartment in Bankhead area of Atlanta, GA

[Chris Missling]

Investment Info:

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

Purchase price: $1,350,000
Cash invested: $600,000
Sale price: $3,065,000

Acquired owner-managed apartment that was distressed and run down.

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

The seller's were going through a divorce and needed to sell.

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

Through a local broker

How did you finance this deal?

Bridge loan

How did you add value to the deal?

Renovated the units and some exterior and added HVAC systems.

What was the outcome?

Sold with still meat on the bones for another buyer to finish project all the through.