30 Unit Townhome Complex Class C Value Add Buy and Hold
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $6,300,000
Cash invested: $2,000,000
Contributors:
AJ Shepard
30 Unit Townhome Complex Class C Value Add Buy and Hold. Should be a 20% IRR.
How did you find this deal and how did you negotiate it?
We bought it from a seller who we recently did a deal with 10 months before hand.
How did you finance this deal?
Freddie Mac Small Balance Loan
How did you add value to the deal?
Modernizing Property Management, Online Payments Etc, Raising Rents, and Billing back utilities
What was the outcome?
We've increased NOI by about 15% so far.