Investment Info:

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

Purchase price: $4,600,000
Cash invested: $2,000,000

5th Project in the area. A nice blend of two stabilized projects with an 80% occupied property. All properties are very clean assets with clear upside in rents with 4k-6k of rehab per unit. This puts our current portfolio over 600 units and allows for additional property management overside in the region and shared resources.