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Chris Good
  • Real Estate Agent
  • New Holland, PA
21
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28
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5 unit Brrrr in Harrisburg PA

Chris Good
  • Real Estate Agent
  • New Holland, PA
Posted Jan 24 2022, 04:13

Investment Info:

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

Purchase price: $45,250
Cash invested: $60,000

5 one bedroom units

What made you interested in investing in this type of deal?

Good price, value add.

How did you find this deal and how did you negotiate it?

I found it through a friend who had a wholesaler bring it to them.

How did you finance this deal?

Hard money

How did you add value to the deal?

Painted 4 of the apartments. Added electric baseboard to 4 of the apartments, added a water heater and meter for each apartment. Added a coin operated washer and dryer, turned half of the basement into a storage unit which leases for $100 a month.

What was the outcome?

I was able to refinance all my money out and put cash in my pocket.

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