Apartment Building Near New Streetcar Extension and PlexPod

[Alex Olson]

Investment Info:

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

Purchase price: $412,500
Cash invested: $82,500

An apartment building in the heart of Midtown, two blocks from a phase II streetcar extension.

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

Both cash flow and forced appreciation due to the streetcar extension.

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

It was on market but sat on market for several months.

How did you finance this deal?

Portfolio bank in Kansas City.

How did you add value to the deal?

Improved finishes in several units.