My Partner and I Closed On 48-Units in Indiana!!

[Justin Goodin]

Investment Info:

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

Purchase price: $4,250,000

Ridgeview Apartments is a 48-unit community located in Fortville, Indiana, a growing submarket of Indianapolis. Ridgeview was sourced off market through a broker relationship.

Ridgeview was acquired from 'mom & pop' owners and will go through an awesome value-add strategy by renovating the interior units, adding amenities, billing back utilities to tenants, and implementing a professional property management company to improve inefficiencies.

[Justin Goodin]

Originally posted by @Dave Spooner:

@Justin Goodin Congrats! That's an awesome purchase.

I'm going to guess this is not your first rodeo. How did you go about financing the property? Anything you've learned so far from this one?

 Thanks! Financed with a local community bank.