Newark 5 - Unit Rehab Project

[Kyle Webster]

Investment Info:

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

Purchase price: $274,000
Cash invested: $45,000

5 Unit distressed asset purchased in the Westside of Newark.

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

The cost basis

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

Another realtor

How did you finance this deal?

Hard Money

How did you add value to the deal?

Rehab

What was the outcome?

Property appreciated nearly 2x

Lessons learned? Challenges?

Tenants in C/D markets present unique challenges.