4120 Garland Avenue Property

4120 Garland Avenue Property

Member since 2025 · 2 posts · 1 vote

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $232,000
Sale price: $239,000

2 bedroom 1 bathroom 5 unit apartment building

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

Income producing property

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

Driving for dollars. Contacted realtor submitted offer for less.

How did you finance this deal?

Thru lender

How did you add value to the deal?

Cost based and on on renovation
improvements

What was the outcome?

Produced income and value to the property

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

Chad Guelda and Gibin George. Montgomery Ford Title Company

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  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
    6mo
    Quote from @Jeremy Williams:

    Investment Info:

    Large multi-family (5+ units) buy & hold investment.

    Purchase price: $232,000
    Sale price: $239,000

    2 bedroom 1 bathroom 5 unit apartment building

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

    Income producing property

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

    Driving for dollars. Contacted realtor submitted offer for less.

    How did you finance this deal?

    Thru lender

    How did you add value to the deal?

    Cost based and on on renovation
    improvements

    What was the outcome?

    Produced income and value to the property

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

    Chad Guelda and Gibin George. Montgomery Ford Title Company

     Nice property, @Jeremy Williams! With it being 5 units, I assume your lender was a local bank or credit union?

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