Property Overview:
Type: Multi-Family Apartment Building
Units: 6 fully occupied rental units, including partial Section 8 government housing.
Seller Situation: The property was owned by a retired landlord whose tenants were paying below-market rent. The maintenance and management had become overwhelming.
Condition: The building required extensive deferred maintenance repairs both inside each unit and throughout the entire structure.
Sale Details: Purchased outright for cash by Cash Out On My Home.
Additional Information: The video provides a glimpse of the property at the time of purchase, while the photos highlight the transformation after comprehensive renovations.
How We Helped: We offered a fast cash purchase to relieve the retired landlord from the burden of managing low-rent tenants and extensive maintenance issues. By buying the property quickly, we took over the ongoing management and maintenance, initiating repairs and renovations over time. The seller was pleased to transition out of property management and sell her tenant-occupied building to us. We continue to own and manage this building as a rental, ensuring it remains a valuable asset.
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