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Updated about 5 years ago on . Most recent reply

User Stats

10
Posts
15
Votes
Spiro Papa
  • Investor
  • NYC
15
Votes |
10
Posts

My first investment in Columbus Ohio

Spiro Papa
  • Investor
  • NYC
Posted

Investment Info:

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

Purchase price: $200,000
Cash invested: $50,000

My first investment property in Columbus Ohio, in the city's historic Old Oaks. 3 of the 4 Units are currently rented, bringing in $680, $850, $680/unit. I am in the process of fully renovating the other unit, trying to get $900. Each townhouse offers 2 bedrooms, a dining room, and a full basement. Each unit also has central air conditioning, a front porch and a large backyard.

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

Cash Flow

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

Real Estate Agent ( in pocket listing)

How did you add value to the deal?

Renovated kitchens/Bathrooms

  • Spiro Papa
  • Most Popular Reply

    User Stats

    91
    Posts
    54
    Votes
    Raul Velazquez Jr
    • Columbus, OH
    54
    Votes |
    91
    Posts
    Raul Velazquez Jr
    • Columbus, OH
    Replied

    Congratulations on your 1st investment property. 

  • Raul Velazquez Jr
  • Loading replies...