303 Hardy Apartments

[Adriel Hsu]

Investment Info:

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

Purchase price: $630,000
Cash invested: $170,000

14 units

Class B

~$1,800 cashflow after mortgage

Finished re-position Oct. 31, 2019.

Currently on final rent increase cycle.

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

Good location

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

Driving for dollars and mailed owner

How did you finance this deal?

Local credit union

How did you add value to the deal?

Upgraded interiors and exteriors and raised rents and decreased expenses

What was the outcome?

Fully occupied and rents increased on average ~$75 per unit.