Asset Type – Multi-Family (Triplex), Spanish Colonial Architecture, in an urban Midtown neighborhood of historic era homes
How Acquired – From a Real Estate “Wholesaler”
How Funded – Private Investors Loan and “Self-Directed” IRA
Objective – “Buy-Fix & Hold” (for monthly rental cash flow)
Scope of Work – Complete Gut, Reframing and Foundation project, All rooms renovated including kitchens and bathroom. There will be significant landscaping.
Exit Strategy (Outcome) – Neighborhood gentrification is accelerating as high end rental demands accelerating.