How to Invest in Apartments
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $755,000
Cash invested: $281,000
Charleston Apartments is a 16-unit apartment in Oklahoma City, OK. It's located in a C/C+ neighborhood. We acquired this in 2022 and secured fixed debt at a low rate. Our business plan was to invest 200k into the exterior and interior and increase rents by $180+.
We're about halfway through our business plan and cash flow today is approximately $5,000 per month.
What made you interested in investing in this type of deal?
Purchase price and value add opportunity.
How did you find this deal and how did you negotiate it?
Found off market through a broker relationship.
How did you add value to the deal?
I knew what the market price was in this area and the property price was well below.
What was the outcome?
We hold it today and are seeing great returns.
