Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

These made over $1,000,000 in one year!!!

20 Oct 2022 · 0 min

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A 38-unit apartment building listed for $2 million for 13 years just appraised at $3.41 million. The owner and his partner Cody bought it, improved the property, and made over $1 million in one year.

Standing in the courtyard of the first property Cody and I bought together. This is the back few buildings, but, uh, 38 units, $2 million on market for 13 years. Our appraisal came in a few months ago at $3.41 million. This is a fantastic deal we made a ton on. These sit on the market. This is something you can do too. Are they super sexy? No. Are they performing a lot better and a lot prettier than they used to be? Absolutely.

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