newly constructed TURN KEY apartments for less than 100$/sqft

[Ross Wade]

Investment Info:

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

Purchase price: $8,000
Cash invested: $241,000
Sale price: $309,000

Bought an old apartment structure, tore it down, built a 4 plex on the property. Sold the property for a 53k profit.

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

We are a turn key building company that specializes in building investment properties for ourselves and others

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

Condemnation list by the city

How did you finance this deal?

conventional commercial

How did you add value to the deal?

my company built the entire development

What was the outcome?

Sold on completion