Bardstown Road Revival

[Sean Williams]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Louisville.

Purchase price: $1,250,000

Working on "BRRRing" a 15 unit commercial/apartment complex in one of the most popular areas of town, but also the hardest to find a good deal. Our hope is to renovate, rent and refinance with $0 out of our pocket. Once complete we'll have over $1.8M invest with a projected value of $2.4M+ that will include 8 short-term rental units, 4 long-term rental units and 3 commercial storefronts.

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

Prime location, upside potential, largest challenge we have taken on to date, opportunity to grow our team and brand.

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

Our electrical contractor was doing work for the owner and caught wind they were considering selling after owning for over 40 years. 3 days later of catching wind, we had an accepted contract.

How did you finance this deal?

Construction Loan with local credit union.

How did you add value to the deal?

In progress...

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

I represented the buying entity to purchase the property (Williams Team at Remax Premier Properties), financed by Liberty Financial, contract management by Miranda Construction, designed in tandem with Laura Philpot.