Small multi-family (2-4 units) buy & hold investment in Harrisburg.
Purchase price: $77,000
Cash invested: $7,700
Duplex with 8 rental garages
What made you interested in investing in this type of deal?
The garages is easy rent. No occupied units with just electric
How did you find this deal and how did you negotiate it?
How did you finance this deal?
How did you add value to the deal?
New heater in the duplex and updated the back yard
Lessons learned? Challenges?
Negotiate some of the obvious repairs before purchase.
@Richard Perrin what a cool property with those garages! Are you rehabbing the duplex itself or just concentrating on making cashflow off the garages? Congrats on the purchase.
We did spruce up the duplex a little and put in a new HVAC system but it really wasn't in bad shape when we bought it. Garages are definitely a money maker
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