Columbus Ohio 5 plex

[Trent Ecklar]

Investment Info:

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

Purchase price: $225,000
Sale price: $305,000

Purchased as a buy and hold. Sold a year and half later to take advantage of the lack of multi-family inventory in the Columbus Ohio market.

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

Cashflow in an up in coming area of Columbus Ohio C minus blending to a C plus

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

MLS

How did you finance this deal?

Local lender - Perpetual Federal Savings Bank

How did you add value to the deal?

General maintenance with a few HVAC system replacements

What was the outcome?

Sold with 5 offers in the 1st weekend

Lessons learned? Challenges?

It's okay sell if you can make 10 years of cashflow in a sale.