4 Unit Denver Apartment Reno

[Sean Gribbons]

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Denver.

Purchase price: $915,000
Cash invested: $230,000
Sale price: $1,485,000

4 unit apartment complex purchased to convert to condos for resale. Ended up selling as an apartment complex since the market was stronger for investments than condos.

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

Previous experience and knowledge of the local market

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

MLS easy negotiating

How did you finance this deal?

Investor brought the down payment and signed for the loan.

How did you add value to the deal?

Converted 2 mechanical rooms into 2nd bedrooms for basement units. Added in unit laundry and added basement exterior private entrances. Updated the whole property.

What was the outcome?

Sold for $1,485,000 CASH after multiple offers.

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

YES, ME!