TX Mulit Family 86 unit

[Michael Roeder]

Investment Info:

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

Purchase price: $1
Cash invested: $2,100,000

86 unit multi family C class apartment located in Cleburne TX.

How did you finance this deal?

Freddie Mac Non Recourse Debt

How did you add value to the deal?

Upgraded interior units, grilling station, relocated office from 2 bedroom townhome to the unused laundry space.

What was the outcome?

A boost in value of nearly $3,000,000

Lessons learned? Challenges?

The market you invest in will have a substantial impact on your results. Demand is crucial.