#multifamily

$2,995,000/triplex w 5br/4ba/2900 sq ft

#RealEstate: 𝐌𝐢𝐬𝐬𝐢𝐨𝐧‑𝐃𝐫𝐢𝐯𝐞𝐧 𝐒𝐮𝐛𝐬𝐢𝐝𝐢𝐞𝐬, 𝐌𝐚𝐫𝐤𝐞𝐭‑𝐃𝐫𝐢𝐯𝐞𝐧 𝐒𝐭𝐚𝐠𝐧𝐚𝐭𝐢𝐨𝐧

Multifamily was supposed to be the safe haven. Instead it’s stuck between supply gluts and financing math that doesn’t pencil. Industrial’s the only adult in the room. And in the cities that never seem to recover, the rent business stays mysteriously durable,…low upkeep, high tolerance, and a regulatory environment that rarely asks hard questions. Add taxpayer‑funded “mission‑driven” office conversions and you get a capital cycle that refuses to clean itself up.

ht:baml/mco #Apartment #CRE CMBS #Credit CBD Office $

https://x.com/mohossain/status/2048949324638220692?s=46

#realestate #fixandflip #investing #invest #rentals #closingqueen #rei #cashflow #mfr #sfr #landlords #investment #investmentProperty #NOI #net #cashflowing #deals #turnkey #apartments #entrepreneur #returns #investments #SFH #MFH *Do not own music rights

The Galbraith in Dallas, Texas was designed by Perkins & Will and built by Suffolk Construction. The Bryan Street high-rise is unique not only because of the design but for housing a mix of affordable and market rate rental units in the downtown tower. The Galbraith building has 217 apartments, and just over half of the units are reserved for residents earning significantly below the average area median income.

The building is less than a block from a DART light rail station. There’s a fitness center, a ground floor lounge area with skyline views and an upper-level swimming pool deck overlooking the nearby Arts District. 

Matthews Southwest developed the project with support from the City of Dallas Housing Finance Corp. in a venture with Volunteers of America and Urban Specialists. The property is managed by Asset Living. 

This 1905-built affordable apartment building at 17th & Madison was up until recently owned by 3 generations of Black Seattleites. Fally Tyson, its most recent owner since 1978, intentionally kept rents low & had “a family approach” which enabled tenants - including artists (like Grammy Award-winning guitarist BluMeadows) and seniors on fixed incomes to put down roots & build community, with some living there 40+ yrs. Fally also ran a cleaning & a salvage business, which employed several residents. Fally passed away in 2020, & tenants organized in partnership with @Tenantsunionwa in hopes that a nonprofit could buy the building. But it was purchased by the private Bode/Stratford Company (which has dismal reviews on Yelp & Better Business Bureau from tenants & subcontractors). Current tenants have already reported problems, violations & lack of communication regarding planned rent increases or lease renewals. The Madkin was once owned by William Hawkins, a Black WWI veteran who purchased the building in 1947, and a speakeasy/private club may have been in the basement. In 1955 it was bought by Robert & Esther Madkin (whom the building was renamed after), leaders in the local civil rights movement. Esther was #Seattle NAACP’s Treasurer, and in 1956 hosted Rosa Parks at #TheMadkin for a press conference during a Montgomery Bus Boycott fundraising trip. Esther also helped establish the Central Area Mental Health Center. The Madkin was also home to Dr. Harriett Clark, a trailblazing surgeon who started practicing medicine in Seattle in 1891 & was in charge of 2 American Red Cross hospitals in Greece during WWI; and Edith C. Stone, the 2nd woman to climb Mt. Rainier. The Madkin tenants’ goal is to keep rents affordable & prevent displacement. They’re seeking help from folks that have experience dealing with corporate landlords/property management; who’ve had a bad experience living in a Bode property; & anyone with more info about the building’s history. Contact [email protected]. Follow @savethemadkin /savethemadkin.com

I wasn’t able to find any information about The Madkin since September.