Investing Criteria

Investing Website Buy Box Multi-Unit

Property Size

Minimum Units: 20 units

Preferred Units: 20–150 units

Unit Mix: Combination of 1-bedroom, 2-bedroom, and 3-bedroom units (optional, based on market needs).

Location: Growing metropolitan or suburban markets with strong population growth.

Market Class: B or C neighborhoods

Property Class

Class B or C: Value-add opportunities preferred (underperforming properties with upside potential)

Condition

Physical Condition: Some deferred maintenance acceptable for value-add deals.

Built after 1990

Occupancy Rates: Minimum 70% occupancy

Financial Metrics

Cap Rate: 6%–8%

Price per Unit: $50,000–$150,000 unit (adjusted for market location)

Total Purchase Price: $1 million to $10 million.

Cash-on-Cash Return: 8% or higher (post-renovation or improvements).

Buy Box Storage

Target Locations: NC, NJ, PA, DE, OH, IN, KY, VA, MI, MO

Price Range: Up to $2,000,000

Facility Size: 10,000 – 50,000 SF (bonus if there’s expandable land!)

Year Built: Post-1970, Class A, B, or C

Opportunities: We love value-added potential.

Expansion Room: A must-have.

Market Criteria: Population between 10k-100k, with a median income of $50-55k or higher.

Our Investment Strategy

At Sierrarealestate, we focus on acquiring properties in bustling markets that promise high growth potential. Our portfolio includes self-storage facilities, multi-unit properties, and value-add apartment complexes with 16 units and above. We prioritize properties that allow us to enhance value through strategic improvements and efficient management.

Our team of seasoned investors ensures a thorough evaluation of each property, looking at factors such as location, market trends, and potential ROI. This rigorous approach helps us to not only meet but exceed the expectations of our investors and partners.

By fostering strong relationships with property owners and employing a transparent selling process, we aim to create mutually beneficial outcomes. Our competitive offers and streamlined procedures make us a preferred partner in real estate investments.