382-388 Champion Ave Columbus Ohio 43203

[Trent Ecklar]

Investment Info:

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

Purchase price: $162,500
Sale price: $199,009

Purchased in March 2019, sold August 2019

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

My client assigned purchase contract after passing on this property

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

MLS

How did you finance this deal?

20 year note @ 5%

How did you add value to the deal?

Filled the vacant unit

What was the outcome?

Collected four months of rent, no expenses. Doubled down payment and rolling proceeds into 1031 exchange.

Lessons learned? Challenges?

Columbus Ohio small multi-family is very competitive.