Small multi-family (2-4 units) buy & hold investment in Stevens Point.
Purchase price: $324,900
Cash invested: $81,225
4 Unit MultiFamily Property with 4 additional garages rented as storage units
What made you interested in investing in this type of deal?
Great property that had 4 extra garages (24x24, 12x24, 12x24, and 40x40) that we’re not being utilized and provided lots of value add opportunity.
How did you find this deal and how did you negotiate it?
Zillow for sale by owner listing
How did you finance this deal?
Local credit union financing. 25% down, 3.5% fixed int rate @ 30 years term.
How did you add value to the deal?
Rents slightly under market and 4 garages not being rented previously.
What was the outcome?
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