Kettering Ohio 4-Plex

5 Replies

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Kettering.

Purchase price: $167,000
Cash invested: $33,000

4-plex in Kettering Ohio with 1br units.

What made you interested in investing in this type of deal?

Cashflow and experience and appreciation.

How did you find this deal and how did you negotiate it?

On the MLS with an agent.

How did you finance this deal?

Family Partners and traditional financing

How did you add value to the deal?

Minor repairs and deferred maintenance.

What was the outcome?

Still holding/improving.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

David Campbell was our buyers agent.

Originally posted by @Nathan Gray :

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Kettering.

Purchase price: $167,000
Cash invested: $33,000

4-plex in Kettering Ohio with 1br units.

What made you interested in investing in this type of deal?

Cashflow and experience and appreciation.

How did you find this deal and how did you negotiate it?

On the MLS with an agent.

How did you finance this deal?

Family Partners and traditional financing

How did you add value to the deal?

Minor repairs and deferred maintenance.

What was the outcome?

Still holding/improving.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

David Campbell was our buyers agent.

Nice job! Free money! 

@Steven Wilson thanks! Yes there are plenty of tenants that want to live in this area. It’s very close to hospitals and restaurants and schools etc. I’m able to find tenants for $600/mo for one bedrooms and $750/mo for some of my two bedroom places. 

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