Updated about 8 hours ago on . Most recent reply
7-Unit Value-Add Deal – Looking for Investor Feedback
Hey everyone, I’m a Realtor in West Michigan and I wanted to get some feedback on a 7-unit multifamily I currently have listed.
7 total units (fully vacant)
Primarily cosmetic updates needed (paint, flooring, general refresh)
No tenant issues – ready for immediate rehab and lease-up
Rent history:(6) 2BR units previously rented $900–$1,100 (1) 3BR unit previously rented around $1,500
Market rents:2BR units: ~$1,500/month 3BR unit: $1,800–$2,000/month
This is being marketed as a light value-add/stabilization play with strong upside in current market rents.
Curious how other investors would underwrite this—would you treat this as a light BRRRR, or more of a reposition/hold?
Happy to share more details if anyone is interested in taking a closer look.