Cash flowing Mixed Use In Indiana

[Charles Simon]

Investment Info:

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

Purchase price: $335,000
Cash invested: $80,000

Purchased this 14 unit mixed use property as a buy and hold. Great cash flow. Hoping to come across more of these.

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

The numbers make sense!

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

Brother in law found it by keeping up with other investors and sellers in the area.

How did you finance this deal?

20% local bank. We used stacksource to find us the lender

How did you add value to the deal?

We just purchased. All the units will need to be refreshed and a bunch of other items.

What was the outcome?

Just started