Duplex in great location near transit/downtown

7 Replies

Investment Info:

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

Purchase price: $500,000
Cash invested: $130,000

Long term buy and hold duplex in growing location

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

Location, cash flow potential

How did you add value to the deal?

the usual re-painting and cleaning up the unit. added new appliances
instead of dealing with lawn maintenance, we covered lawn with gravel.

Lessons learned? Challenges?

Always visit the property in person before submitting the offer

@Thomas Myung , thanks for the numbers. We recently purchased a small condo on the coast that we are using for long term rental. I’d like to get into multi family here in town but following the 1% rule it’s difficult to find anything.

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