12 Lyman Street – Waltham, MA

Why We Did This Deal

When we found 12 Lyman Street, it was an outdated, underperforming 5-unit property. The previous owner lived out of state and the asset had been neglected. We saw the opportunity to unlock equity and reposition the property for higher rents.

What We Improved

• Renovated all units, including basement and garage
  
• Boosted curb appeal
• Tripled the rent roll

Created a fully stabilized, refinance-ready asset

Results

• Immediate equity created on day of purchase
  
• Capital fully returned via refinance
• Long-term cash-flowing asset
• Proof of concept: our RPM strategy delivers real returns

Investment Snapshot

Strategy:

Buy & Hold + Renovate + Refinance

Capital Stack:

All-cash purchase, $150K CapEx

Initial Rent Roll:

$4,300/month

Current Rent Roll:

$14,940/month

Cash-Out Refi:

$1.65M pulled out

Equity Created:

 $500K+

Capital Left In:

$0

Before 3D Tour

After 3D Tour

Multifamily (5 Units)

September 2024 for $864,000

$2.2 Million

62% PPB, 19% each by 2 partners (LLC)