6-unit apartment building in Philadelphia

[Sam Claude]

Investment Info:

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

Purchase price: $942,000
Cash invested: $68,500

Joint venture with 2 partners. 6-unit apartment building.

20% down split 3 ways, 30-yr fixed mortgage for the remainder.

Rents range from $1500 to $1800.

$4800 cash flow (after operating expenses and reserves).