MF value add acquisitions

[Nitzan Mosery]

Investment Info:

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

Purchase price: $2,400,000

48 unit asset in a tertiary market. great upside in bringing rents to market

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

strong team in place. comps were very strong, clean asset.

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

relationships

How did you finance this deal?

fannie

How did you add value to the deal?

by cleaning the exterior.
raising rents to market.
light interior renovations

What was the outcome?

all month to month leases have signed new leases and rents have increased by 200$

Lessons learned? Challenges?

a great team can make or break a deal

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

yes