This 8 unit, multifamily property was acquired as a value add strategy for $800k in Tampa. Situated in one of the hottest neighborhoods, Seminole Heights the new buyers, along with Out Fast Property Mgmt, immediately began the capex strategy for the property. Rebranding the name, implementing new signage, fencing, paint and other exterior improvements while also renovating units as tenants left. In the first 12 months, all units were turned over boosting rents from an average of $750-1,000 to $1,400-2,000 when finished. After the capex strategy was completed it created forced appreciation and equity creation bringing the value to over 1.6 million.