Accelerated Real Estate Investor 365: 220 Chevy Case Study: Increased Value from $11.65M to $18.4M in 18 Months!
In today’s episode, I wanted to jump on the mic and take you through a property we call 220 Chevy. I’ll walk you through everything we did, from the beginning to how we’re nearing the completion of a true value-add.
When we bought the Forest Ridge Apartments complex in April 2021, it was generating $115,000/month on 200 occupied units. Fast forward to 18 months later, we’re bringing in $184,000 a month and have raised its value from $11.65M to $18.4M.
You’ll learn how we successfully filled our vacancies, raised rents by an average of 70% across units, and created long-term wealth for our investors and forever passive income.
Key Takeaways with Josh Cantwell
- What made 220 Chevy such an appealing property and investment opportunity.
- The challenge of filling units during the winter in Ohio.
- How taking management quality from C- to A makes it easy to raise rents without dealing with evictions or move outs.
- How we structured the 220 Chevy deal to create substantial wealth for our investors.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/365
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