Updated almost 7 years ago on .
Exceptional Multifamily Investment Opportunity
Investment Info:
Small multi-family (2-4 units) other investment.
Purchase price: $420,000
Sale price: $420,000
Fully gutted multifamily house with 3 floors approximately 9 bedrooms needs finishing touch interior and exterior. Available only through owner of property. Great opportunity for distressed property investors looking for rental income in one of the best real estate markets. Newark, NJ is on the list as fastest growing real estate markets in US.
What made you interested in investing in this type of deal?
Value add
How did you find this deal and how did you negotiate it?
Researching off market properties
How did you finance this deal?
Pending
How did you add value to the deal?
Rehab
What was the outcome?
Pending
Lessons learned? Challenges?
Estimating renovation costs
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No
