These case studies are based on actual transactions completed by Prime Equities. Addresses are anonymized, but every number — purchase price, rents, returns — reflects the real deal.
Every deal was acquired off-market. Every number has been verified. Identifying details are omitted, but the performance data is real.
Single-Family Home · 3 bed / 1 bath
Seller had held this property for 11 years. Non-paying tenant, deferred maintenance, and no appetite for an extended listing process. We closed in 14 days with no contingencies.
Tenant removed through cash-for-keys. Interior refreshed in 3 weeks for under $8,000. New tenant placed at market rent within 30 days. Property is now cash-flowing and held for long-term appreciation.
Duplex · 2 units — 2 bed / 1 bath each
Owner was 90 days delinquent on mortgage. Both units occupied at below-market rents. Seller needed a fast close to avoid foreclosure and protect credit.
Closed in 9 days. Negotiated lease renewals on both units at current market rents without vacancy. Zero rehab required. Immediate cash flow from day one.
Single-Family Home · 3 bed / 1.5 bath
Estate sale — vacant, dated cosmetically but structurally sound. The estate needed a clean sale without the complexity of a retail listing.
Cosmetic renovation completed in 18 days: paint, flooring, appliances, fixtures. Listed for rent and leased in 11 days. Indiana continues to outperform on rent-to-price ratio.
Single-Family Home · 3 bed / 2 bath
Directly sourced from a homeowner who needed to relocate for work. Tenant already in place at below-market rent from a prior lease.
Acquired with tenant in place. Lease renewed at market rate at the next renewal date. No vacancy, no rehab. Highest cap rate deal in this case study set.
Townhome · 3 bed / 2.5 bath
Builder close-out unit with a corporate tenant already in place. Seller needed to liquidate quickly. Property was already professionally managed.
Acquired with long-term corporate tenant and existing management. Genuinely passive from day one. No work required. Strong appreciation market with consistent rent growth.
Duplex · 2 units — 2 bed each
One unit occupied at below-market rent. One unit vacant and needing light refresh. Strong rent-to-price fundamentals in this Northern Ohio market.
Renovated vacant unit in 3 weeks for $9,400. Both units now stabilized at market rents. Highest cash-on-cash return in the portfolio at time of acquisition.
Triplex · 3 units — 2 bed / 1 bath each
Three heirs inherited this property from a parent’s estate. None of them wanted to manage it. One unit was occupied, two were vacant. Probate had already cleared.
Closed in 16 days — one of our fastest triplex transactions. Renovated the two vacant units. All three units leased within 45 days of acquisition. Strong basis relative to market.
Single-Family Home · 4 bed / 2 bath
Active code enforcement citations from the city — electrical and exterior issues. Traditional buyers and lenders couldn’t touch it. Seller had been stuck for 8 months.
Resolved all citations post-closing. Total remediation cost: $14,200. Placed a tenant in the freshly renovated home within 3 weeks. Clean title, strong returns.
Duplex · 2 units — 2 bed / 2 bath each
Both parties needed a clean exit with equal proceeds. The property was tenant-occupied and neither party wanted to manage it through a traditional sale.
Coordinated directly with both parties and their attorneys. Closed in 11 days. Tenants remained in place. Both units at market rent at time of acquisition.
4-Unit Apartment · 4 units — 1 bed each
Seller was a retiring landlord with four units in the same building. All units below market rent, no deferred maintenance. Motivated by simplicity more than price.
Negotiated all four units in a single transaction. Renewed all leases at market rate over a 6-month period without vacancy. Highest-performing asset in the Indiana market.
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