Updated about 3 years ago on . Most recent reply
Buy & Hold in Pittsfield, MA
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $325,000
Cash invested: $90,500
8-unit multifamily in Pittsfield. Mix of section 8 and standard tenants. Off-market deal I acquired through networking with agents, property managers and other investors.
What made you interested in investing in this type of deal?
The cap rate and cash-on-cash were very appealing. I saw an opportunity to increase the in-place rents on the non-Section 8 tenants.
How did you find this deal and how did you negotiate it?
Through the local network.
How did you finance this deal?
Commercial Loan. 20 year term.
