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Updated over 2 years ago on . Most recent reply

User Stats

18
Posts
2
Votes
Neil Tollner
  • Rental Property Investor
  • Everett, MA
2
Votes |
18
Posts

Build up or buy another Multi

Neil Tollner
  • Rental Property Investor
  • Everett, MA
Posted

Hi All,

I own a 2 family (4 bed 2 bath; 2 bed 1 bath for each unit) 

Brings in $4800/month. 1560/month cash flow

Deciding whether to build up and underpin the basement to make each unit have an additional 2 beds and 1 bath. Making the multi family a 8 bed 4 bath.

This would bring the rental income to 8000/month.

my guess is construction most likely will be 100-125k. what would you do if you were in my shoes? Thanks in advance for any insight!



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