Multifamily reposition 19% COC

[Gaston Prevette]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Greensboro Bmc.

Purchase price: $110,000
Cash invested: $30,000

Property Details:

1/1- 500sq f
One vacant
Base board heat
Sepertely metered

REPAIRS NEEDED
$10k

Monthly cash flow once completely repositioned
$2000- $1243 in expense ( PITI, Mgt, $75/ door for reserves, lawn, etc)
Monthly cash flow $456/ month
19.5% COC
Will have all our money back in 5 years