All Forum Posts by: Heather Kahn
Heather Kahn has started 1 posts and replied 2 times.
Post: 10 Unit Apartment Complex
Heather KahnPosted
- Posts 2
- Votes 2
Hi - Cap rate was 5% and we put 20% down on a commercial loan. Average rents was 1050 but in the 5 months we've owned it we've increased to 1175. Apartment was in really good condition when we purchased so that was great!
Post: 10 Unit Apartment Complex
Heather KahnPosted
- Posts 2
- Votes 2
Investment Info:
Large multi-family (5+ units) commercial investment investment in Bellingham.
Purchase price: $1,730,000
Cash invested: $450,000
Sale price: $1,730,000
10 Unit Apartment in a central location in Bellingham, WA. This property was bought with 5 investors that created an LLC with an operating agreement.
