Updated over 4 years ago on . Most recent reply
Multifamily Value add
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $685,000
Cash invested: $275,000
Buy and Hold 5 unit Multi-family Project
A full gut project including, plumbing, electrical, windows, roof, hvac, finishes etc
Currently rented on a master lease for 10k/month
What made you interested in investing in this type of deal?
Great Value add property in a prime location near the college
How did you find this deal and how did you negotiate it?
Found the deal on the MLS, beat out 14 other offers using an escalation clause
How did you finance this deal?
commercial loan
How did you add value to the deal?
Renovated the entire property
What was the outcome?
Have a great property worth appox 1.6+ M that is bringing in 10k/month