College wanted to buy 4 plex my client bought.

[Jake Andronico]

This property looked like a problem.

It was actually a mis-priced asset.

I just helped a client close on a 4-plex literally steps from University of Nevada, Reno.

Here’s the part nobody saw:

The listing agent put it in the MLS as a 7-unit (inaccurately).

That one decision meant the property never showed up on Zillow, Realtor.com, or Redfin.

Translation:

99% of buyers didn’t even know it existed.

You needed MLS access…

and you needed to know what to look for.

I found it.

I underwrote it.

We moved fast.

Closed at $745K (listed for $850K)

For context:

A renovated duplex down the street just sold for $799K.

Then it gets better.

While we were in escrow, UNR offered $830K for the property…

They own the buildings on both sides of this one.

My client had instant spread, but wants to renovate it and keep it for cash flow.

The best opportunities can be hiding in plain sight.

If you’re only searching where everyone else is looking…

you could be leaving a lot of money on the table.

What deals have you found on MLS that were mis-listed in your area?