we are building a building just like this in Columbus Ohio except vertical. we added kitchens and all studios and common commercial and mixed it in. multifamily is much easier to finance. we got a similar valuation. we don't have to buy 1 million dollars worth of furniture either. apartment hotels are what some people call them but we are underwriting affordable housing. we copied the hotel development rezoning applications in our market but went for multifamily and I had it underwritten at 15 million and we just had the number one debt placement broker look at it and appraise it for 20 million because they added a tax abatement. hotel development works because of the nightly rate and higher occupancy and no kitchens in every unit.

I'm in between columbus and miami.

Columbus, Ohio is a great market to consider if you're leaning towards appreciation.

I am a real estate agent and investor based in Columbus, Ohio but also have done deals and investments in Cincinnati so I'm familiar with the market.

Check out Columbus, OH it’s the land of milk 🥛 and honey 🍯 and cashflow 💰 and appreciation 📈. 

Also, I don't know your market, but here in Columbus, $70-$85k to rewire a three unit property is biggity bonkers.

I moved from Florida to start investing in Columbus, OH.

Like Columbus? 

As long as you invest in Columbus Ohio then yes.. 

Plus, if you're ever interested, I also specialize in properties in Columbus.