Willow Run Apartment Community

[Josh Appelman]

Investment Info:

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

Purchase price: $1,450,000
Cash invested: $285,000

Willow Run is a 33 unit apartment community built in 1977. Appelman Properties will be conducting a value add strategy over the next 3 years.

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

The location is very desirable along with the demographics and net migration.

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

Off market

How did you finance this deal?

Debt with equity