Apartment Building Investment

[Justin Brennan]

Investment Info:

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

Purchase price: $2,245,000
Cash invested: $800,000

27 unit apartment building. Class C+. Will improve to a B.

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

Cash flow and wealth creation

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

local broker

How did you finance this deal?

Freddie Mac

How did you add value to the deal?

Washer dryer in units, improve kitchens and baths and exterior

What was the outcome?

TBD

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

Yes. Local Broker and PM