Multifamily in Cincinnati

[Dj Hume]

Investment Info:

Large multi-family (5+ units) buy & hold investment.

10+ unit in Cincinnati near the outdoor Kenwood mall. This property provides substantial cashflow along with value add upside.

What made you interested in investing in this type of deal?

This property was stable but had value add upside, but also located in a prime location that continues to see year over year growth.

How did you find this deal and how did you negotiate it?

Our sales team performed an outbound campaign targeted properties we were interested in and believed to meet our investment criteria

How did you finance this deal?

We financed this deal through a local credit union that I've worked with in the past.

How did you add value to the deal?

This property is multi-tiered in value add potential. We've initially focused on bringing in the right tenant base and upgrading community and landscaping areas.

What was the outcome?

We still own this property and we continue to drive growth and addition work to this property.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I did not work with any real estate agents on this deal.

[Dj Hume]

@Lee Yoder All of the current deals are in the Cincinnati area, but we're looking in a few other targeted cities as well, just haven't pulled the trigger on one yet.

It's a multi-layered approach, I now have a full-time deal sourcing team