Updated over 4 years ago on .
Office to Residential Redevelopment
Investment Info:
Large multi-family (5+ units) other investment.
Purchase price: $525,000
Cash invested: $700,000
Redeveloped Aging office building and drive through into 17 units of apartments and townhomes. Expect to complete August 2022
How did you find this deal and how did you negotiate it?
Found a soft moment and a broke down property, bought for $10% below asking.
How did you finance this deal?
Syndicate and Hard Money
How did you add value to the deal?
Redevelopment, $3.2M construction