22-Unit Value Add Multifamily Deal!
Investment Info:
Large multi-family (5+ units) commercial investment investment in Maple Heights.
Purchase price: $800,000
Cash invested: $250,000
Currently in our due diligence phase!
What made you interested in investing in this type of deal?
Legacy Wealth!
How did you find this deal and how did you negotiate it?
Off-market through contact database and I negotiated through the real numbers provided to us.
How did you finance this deal?
Conventional Loan
How did you add value to the deal?
Renovation of interior of units, add bbq pits outside with picnic tables. Raise rents, charge for parking, and some utilities.
What was the outcome?
We will see soon!
Most Popular Reply
Exciting stuff! What type of cashflow are you hoping to see, and what $ change to NOI are you planning to pull off?