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Investing Strategies

Apartment Investing: Why This 140-Unit Prop Is a Sweet Deal

I’m really excited to share with you an amazing remote deal my company is doing in Atlanta. It’s actually one of our biggest rehab projects to date!

Hey Moguls, Chris Urso here with the details of this sweet multifamily deal. By sharing all the work we’re doing and why we chose to invest in it, I think you’ll have a better understanding of just how much goes into a big project like this.

So, it’s a 140-unit property and it’s all vacant. Which is good—it gave us the opportunity to fix it up without displacing tenants or disrupting their lives.

Demo and Rehab

Okay, the complex has several large buildings… and needed LOTS of work.

We came in and immediately demoed and gutted most of the buildings. Then we got to work:

  • painting all the buildings a nice neutral gray
  • putting new roofs on all the buildings
  • installing new sliding glass and entry doors  
  • installing new windows
  • repairing…

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