4 unit Rathke Rental

[Stephen Ceausu]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $665,000
Cash invested: $166,500

Purchased a distressed 4 unit apartment all units are 2/1 in Jurupa Valley, CA. 1 unit vacant, all well below market rent. Rent at the time of purchase was 3,800. After carful consideration for remodeling rents are currently 7,000.

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

Upside potential, long term and stable cashflow

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

MLS listing on market 160 days+

How did you finance this deal?

25% down + 30Y Fixed rate loan

How did you add value to the deal?

Remodeling, landscaping better property management.

What was the outcome?

Great cashflow, long term happy tenants

Lessons learned? Challenges?

Communicate with tenants often, understand there needs. When a problem arises fix quickly with skilled workers.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I purchased the property representing myself and own a property management company which successfully manages the rental.