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Updated 9 months ago on . Most recent reply

Tony Stephan's profile image
Tony Stephan's profile image
Tony Stephan
  • Investor
  • from Metro-Detroit, MI
  • Member since Aug 15, 2021
  • Posts 63
  • Votes 54
  • Experience 9 Yrs
  • Investments 21
Connect

User Stats

63
Posts
54
Votes
Tony Stephan's profile image
Tony Stephan's profile image
Tony Stephan
  • Investor
  • from Metro-Detroit, MI
  • Member since Aug 15, 2021
  • Posts 63
  • Votes 54
  • Experience 9 Yrs
  • Investments 21
Connect
Tony Stephan
  • Investor
  • Metro-Detroit, MI
54
Votes |
63
Posts
Real Estate Deal Analysis & Advice

16 unit major value add off market multifamily

Tony Stephan
  • Investor
  • Metro-Detroit, MI
Posted

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $1,410,000
Cash invested: $282,000

16 unit major value add off market multifamily apartment purchased in June 2022 without any investors or outside capital. Major value add play with outdated units. Successfully turned 80% of rent roll from $650 rents to $1150 and drastically improved the NOI. Working to complete the value add deal at this time.

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