Multifamily Value add

[Michael Ratzken]

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