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All Forum Posts by: Sam Claude

Sam Claude has started 1 posts and replied 1 times.

Post: 6-unit apartment building in Philadelphia

Sam ClaudePosted
  • Investor
  • Philadelphia
  • Posts 1
  • Votes 1

Investment Info:

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

Purchase price: $942,000
Cash invested: $68,500

Joint venture with 2 partners. 6-unit apartment building.

20% down split 3 ways, 30-yr fixed mortgage for the remainder.

Rents range from $1500 to $1800.

$4800 cash flow (after operating expenses and reserves).