Looking for Stable Multifamily Opportunities (Under $3M)
I’ve been investing in real estate for about 10 years and have completed some flips along with long-term holds. My current portfolio includes a duplex (used as a short-term rental) plus a triplex and a single-family home as long-term rentals.
I have about $800K available to invest and I’m looking to purchase a small multifamily property using financing, ideally in the $3M-and-under range. I’m based in Florida, but I don’t want to buy additional properties here. I’m leaning toward the Midwest and I want a market where strong third-party property management is readily available.
My preference is stability over heavy value-add. I’m not interested in major renovations, and I’m comfortable with more modest cash flow if it means a steadier, lower-maintenance asset.
If you have guidance on specific Midwest markets to consider and the types of multifamily properties that fit this profile, I’d really appreciate it.
Most Popular Reply
Hello Sheena,
I live in Indianapolis and can tell you that the properties that can be market is fairly tight here. Prices per unit are around $100K, but there is still some decent properties to acquire. If your interested let's have a conversation about what area of Indy you are looking at.
Have a Good Day!
Dennis