Multi Family 4-Plex - Purchase and Hold
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $145,000
Purchased a four-plex multi-family property in Dime Box. The units were actively being leased at the time of purchase, and the tenants agreed to continuing renting upon acquisition. Rent was minimally increased within a few months to bring the rent more in alignment with the expenses associated with the property. The property came with some structural defects that require an investment to repair, but the necessary repairs will make the property more valuable and desirable in the long run, allowing for future opportunities to serve higher paying tenants.
