Updated over 1 year ago on .
Affordable Housing New Construction 3/2 Ranch
Investment Info:
Single-family residence other investment in Indianapolis.
Purchase price: $3,500
Cash invested: $46,000
Sale price: $170,000
This syndicated investment was completed in order to meet our market's need for affordable housing. All new construction, 3/2 Ranch that turned out amazing for a new local homeowner!
What made you interested in investing in this type of deal?
Our syndication was created to build and develop affordable housing projects.
How did you find this deal and how did you negotiate it?
We worked with local authorities in order to obtain this opportunity.
How did you finance this deal?
Syndication and Local Lender.
How did you add value to the deal?
We were able to provide an answer to the City's need for affordable housing and deliver an amazing 3/2 Ranch home on a sizable lot for a local owner-occupant.
Lessons learned? Challenges?
Development always comes with challenges, and in this case we were able to maintain our target sale price, but our days on market projections were extended due to changes in the interest rates.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Resolute Realty & Development
