Updated almost 7 years ago on . Most recent reply
3 Unit College park property
Investment Info:
Small multi-family (2-4 units) buy & hold investment in College Park.
Purchase price: $220,000
Cash invested: $55,000
The property was purchased as a growth strategy, its 15 minutes away from ATL Airport
What made you interested in investing in this type of deal?
build equity over time. looking to hold the property for the long term.
How did you find this deal and how did you negotiate it?
from a realestate Broker
How did you finance this deal?
5 year 25 yr amortization. 5.75 %
How did you add value to the deal?
We are planning to update kitchens and increase rents by $100. each
What was the outcome?
Pending
Lessons learned? Challenges?
The property was fully leased it was a seamless simple takeover
